Credit Agricole SA (OTCMKTS:CRARY) Sees Significant Decrease in Short Interest

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 92 shares, a decrease of 98.6% from the May 31st total of 6,762 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 955,891 shares, the days-to-cover ratio is presently 0.0 days.

Credit Agricole Stock Performance

Shares of CRARY stock traded up $0.03 during mid-day trading on Thursday, hitting $9.92. 290,066 shares of the stock were exchanged, compared to its average volume of 259,995. The stock’s fifty day simple moving average is $9.81 and its two-hundred day simple moving average is $10.03. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. Credit Agricole has a 12-month low of $8.80 and a 12-month high of $11.33. The stock has a market capitalization of $60.03 billion, a price-to-earnings ratio of 8.27 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last posted its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%. On average, analysts forecast that Credit Agricole will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Credit Agricole presently has an average rating of “Hold”.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.