Carrefour SA (OTCMKTS:CRRFY) Sees Significant Decrease in Short Interest

Carrefour SA (OTCMKTS:CRRFY) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 152,400 shares, a drop of 54.1% from the May 15th total of 332,000 shares. Based on an average daily trading volume, of 427,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating on shares of Carrefour in a report on Wednesday, April 16th.

Carrefour Trading Up 0.7%

Shares of Carrefour stock traded up $0.02 during trading hours on Monday, hitting $3.00. 255,663 shares of the company’s stock traded hands, compared to its average volume of 642,486. Carrefour has a twelve month low of $2.53 and a twelve month high of $3.62. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $2.91.

Carrefour Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.041 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.24%.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.