Credit Agricole SA (OTCMKTS:CRARY) Short Interest Update

Credit Agricole SA (OTCMKTS:CRARY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 6,762 shares, a decline of 64.8% from the May 14th total of 19,188 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 288,259 shares, the days-to-cover ratio is currently 0.0 days.

Credit Agricole Trading Up 1.2%

Shares of CRARY opened at $9.62 on Friday. 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 12-month low of $8.64 and a 12-month high of $11.33. The firm has a market capitalization of $58.22 billion, a PE ratio of 8.02 and a beta of 0.66. The stock’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $10.01.

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, beating the consensus estimate of $0.29 by $0.01. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%.The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.25 billion. As a group, research analysts predict that Credit Agricole will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

CRARY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.