Credit Agricole SA (OTCMKTS:CRARY) Stock Short Interest Jumps 60.2%

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

Credit Agricole Stock Down 4.0%

Shares of Credit Agricole stock opened at $9.48 on Friday. The business has a 50-day moving average price of $10.80 and a 200 day moving average price of $10.14. Credit Agricole has a fifty-two week low of $8.80 and a fifty-two week high of $11.66. The firm has a market cap of $57.98 billion, a P/E ratio of 8.46 and a beta of 0.64.

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One equities research 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 Company Profile

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.