Short Interest in Carrefour SA (OTCMKTS:CRRFY) Rises By 781.1%

Carrefour SA (OTCMKTS:CRRFY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 411,836 shares, an increase of 781.1% from the August 15th total of 46,740 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 758,966 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRRFY. Royal Bank Of Canada initiated coverage on Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. UBS Group raised shares of Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Carrefour Stock Up 0.6%

OTCMKTS CRRFY traded up $0.03 on Thursday, reaching $3.88. The stock had a trading volume of 131,195 shares, compared to its average volume of 302,447. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a 12-month low of $2.85 and a 12-month high of $4.13. The stock has a fifty day moving average price of $3.71 and a two-hundred day moving average price of $3.75.

Carrefour Company Profile

Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.

Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.