Credit Agricole SA (OTCMKTS:CRARY) Short Interest Update

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,874 shares, a growth of 60.2% from the August 31st total of 9,286 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 118,343 shares, the short-interest ratio is presently 0.1 days.

Credit Agricole Price Performance

Shares of OTCMKTS:CRARY traded down $0.42 during trading on Thursday, reaching $9.46. 111,046 shares of the company traded hands, compared to its average volume of 218,326. The firm has a market capitalization of $57.82 billion, a PE ratio of 8.44 and a beta of 0.64. Credit Agricole has a 52 week low of $8.80 and a 52 week high of $11.66. 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 company’s 50 day moving average is $10.81 and its two-hundred day moving average is $10.14.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%. As a group, sell-side analysts predict that Credit Agricole will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Credit Agricole

Crédit Agricole SA is the listed banking subsidiary of the Crédit Agricole Group, a French financial services organization with roots in agricultural lending. The group traces its origins to the creation of local agricultural credit funds in France in 1894 and has since developed into a diversified universal banking group serving individuals, businesses, institutions and public-sector organizations.

The company’s principal activities include retail and commercial banking, corporate and investment banking, consumer finance, specialized financial services, insurance, asset management and private banking.