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

Credit Agricole SA (OTCMKTS:CRARY) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,568 shares, a drop of 63.0% from the June 30th total of 4,241 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 222,824 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Credit Agricole has an average rating of “Hold”.

Credit Agricole Stock Performance

Shares of OTCMKTS CRARY traded up $0.01 during midday trading on Tuesday, reaching $10.59. 350,180 shares of the company traded hands, compared to its average volume of 239,720. The company has a market cap of $64.09 billion, a price-to-earnings ratio of 8.83 and a beta of 0.66. The stock has a 50-day moving average price of $9.85 and a 200 day moving average price of $10.02. Credit Agricole has a 52 week low of $8.80 and a 52 week 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 announced its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (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 firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.25 billion. Sell-side analysts anticipate that Credit Agricole will post 1.29 earnings per share for the current fiscal year.

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.