Short Interest in Carrefour SA (OTCMKTS:CRRFY) Rises By 360.9%

Carrefour SA (OTCMKTS:CRRFYGet Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 228,848 shares, a growth of 360.9% from the November 30th total of 49,657 shares. Based on an average daily volume of 412,530 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 412,530 shares, the days-to-cover ratio is presently 0.6 days.

Carrefour Price Performance

CRRFY stock opened at $3.33 on Friday. The firm has a 50 day moving average of $3.13 and a 200-day moving average of $3.02. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02. Carrefour has a 12-month low of $2.53 and a 12-month high of $3.44.

Wall Street Analysts Forecast Growth

CRRFY has been the subject of several recent analyst reports. DZ Bank raised Carrefour from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Citigroup reaffirmed a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carrefour has an average rating of “Moderate Buy”.

View Our Latest Research Report on CRRFY

About Carrefour

(Get Free Report)

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.

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