Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Grows By 238.2%

BNP Paribas SA (OTCMKTS:BNPQY) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 261,797 shares, a growth of 238.2% from the April 15th total of 77,402 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 615,497 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several research firms recently weighed in on BNPQY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Keefe, Bruyette & Woods raised shares of BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Zacks Research cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Trading Down 0.6%

BNPQY stock opened at $54.00 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. The company has a fifty day moving average price of $51.28 and a two-hundred day moving average price of $48.84. BNP Paribas has a one year low of $37.50 and a one year high of $57.31. The stock has a market cap of $118.97 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.69 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. The firm had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Equities analysts anticipate that BNP Paribas will post 6.7 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.