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

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

Credit Agricole Price Performance

OTCMKTS:CRARY opened at $10.42 on Monday. 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 has a 1-year low of $8.80 and a 1-year high of $11.33. The company has a 50-day moving average of $9.83 and a 200 day moving average of $10.01. The firm has a market cap of $63.06 billion, a PE ratio of 8.68 and a beta of 0.66.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 given a Hold rating to the company. According to MarketBeat, the company 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.