Short Interest in Credit Agricole SA (OTCMKTS:CRARY) Grows By 72.8%

Credit Agricole SA (OTCMKTS:CRARY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 20,946 shares, a growth of 72.8% from the April 15th total of 12,124 shares. Based on an average trading volume of 230,522 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Credit Agricole Price Performance

CRARY stock opened at $9.75 on Monday. The business’s 50-day moving average price is $9.74 and its 200-day moving average price is $9.96. The stock has a market cap of $59.00 billion, a P/E ratio of 8.12 and a beta of 0.66. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. Credit Agricole has a twelve month low of $8.64 and a twelve month high of $11.33.

Credit Agricole (OTCMKTS:CRARY) last released its earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.25 billion. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. On average, equities research analysts forecast that Credit Agricole will post 1.31 EPS for the current year.

Analyst Ratings Changes

CRARY has been the subject of several recent research reports. Oddo Bhf upgraded shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Credit Agricole currently has a consensus rating of “Hold”.

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.