Credit Agricole SA (OTCMKTS:CRARY) Short Interest Down 63.0% in July

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,568 shares, a decrease of 63.0% from the June 30th total of 4,241 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 222,824 shares, the days-to-cover ratio is currently 0.0 days.

Credit Agricole Price Performance

Shares of CRARY opened at $10.42 on Monday. The company has a 50 day moving average of $9.83 and a two-hundred day moving average of $10.01. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. Credit Agricole has a twelve month low of $8.80 and a twelve month high of $11.33. The company has a market cap of $63.06 billion, a price-to-earnings ratio of 8.68 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Credit Agricole had a return on equity of 32.35% and a net margin of 24.36%.The business had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.25 billion. As a group, analysts predict that Credit Agricole will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Credit Agricole currently has an average rating of “Hold”.

Credit Agricole Company Profile

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.