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

Credit Agricole SA (OTCMKTS:CRARY) saw a large decrease in short interest in the month of 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. Based on an average daily volume of 955,891 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Credit Agricole Stock Up 0.3%

Shares of CRARY traded up $0.03 during midday trading on Thursday, reaching $9.92. The stock had a trading volume of 290,066 shares, compared to its average volume of 259,995. The company has a market cap of $60.03 billion, a price-to-earnings ratio of 8.27 and a beta of 0.66. The company’s fifty day simple moving average is $9.81 and its two-hundred day simple moving average is $10.03. Credit Agricole has a 1-year low of $8.80 and a 1-year high of $11.33. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.55 and a quick ratio of 1.55.

Credit Agricole (OTCMKTS:CRARY) last issued its earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. Equities research analysts expect that Credit Agricole will post 1.31 earnings per share 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.