Short Interest in Carrefour SA (OTCMKTS:CRRFY) Drops By 83.3%

Carrefour SA (OTCMKTS:CRRFYGet Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 81,542 shares, a drop of 83.3% from the June 15th total of 487,759 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 563,381 shares, the short-interest ratio is currently 0.1 days.

Carrefour Stock Performance

CRRFY traded up $0.05 during mid-day trading on Friday, hitting $3.73. The stock had a trading volume of 141,615 shares, compared to its average volume of 238,977. Carrefour has a 1-year low of $2.82 and a 1-year high of $4.13. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.66.

Wall Street Analyst Weigh In

CRRFY has been the topic of several recent research reports. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada assumed coverage on shares of Carrefour in a research report on Monday. They set a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on Carrefour

About Carrefour

(Get Free Report)

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.

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