BNP Paribas SA (OTCMKTS:BNPQY) Short Interest Down 61.9% in May

BNP Paribas SA (OTCMKTS:BNPQY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 66,887 shares, a decline of 61.9% from the May 14th total of 175,555 shares. Based on an average daily trading volume, of 730,240 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BNPQY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Zacks Research downgraded shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

BNP Paribas Stock Up 3.1%

Shares of OTCMKTS BNPQY opened at $56.00 on Friday. The firm’s 50-day simple moving average is $52.99 and its 200 day simple moving average is $50.87. The company has a market cap of $123.38 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. BNP Paribas has a 12-month low of $37.50 and a 12-month high of $57.31.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $86.05 billion for the quarter, compared to the consensus estimate of $15.85 billion. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. On average, research analysts expect that BNP Paribas will post 6.67 earnings per share for the current fiscal year.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.