Short Interest in Credit Agricole SA (OTCMKTS:CRARY) Drops By 64.8%

Credit Agricole SA (OTCMKTS:CRARY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,762 shares, a drop of 64.8% from the May 14th total of 19,188 shares. Based on an average daily volume of 288,259 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRARY. Deutsche Bank Aktiengesellschaft lowered Credit Agricole from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. 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.com, the stock currently has a consensus rating of “Hold”.

Credit Agricole Stock Up 1.2%

Shares of OTCMKTS:CRARY traded up $0.12 during trading on Friday, hitting $9.62. The company’s stock had a trading volume of 357,284 shares, compared to its average volume of 309,253. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. Credit Agricole has a fifty-two week low of $8.64 and a fifty-two week high of $11.33. The stock’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.01. The company has a market capitalization of $58.22 billion, a PE ratio of 8.02 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%.The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.25 billion. As a group, sell-side analysts expect that Credit Agricole will post 1.31 EPS for the current year.

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.