Credit Agricole SA (OTCMKTS:CRARY) Sees Large Growth in Short Interest

Credit Agricole SA (OTCMKTS:CRARY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 18,640 shares, a growth of 597.1% from the July 30th total of 2,674 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 164,505 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Credit Agricole Stock Down 4.2%

CRARY opened at $10.58 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The business has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.13. Credit Agricole has a 52 week low of $8.80 and a 52 week high of $11.66. The company has a market cap of $64.03 billion, a PE ratio of 9.45 and a beta of 0.65.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. As a group, research analysts anticipate that Credit Agricole will post 1.34 EPS for the current year.

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.