Short Interest in Carrefour SA (OTCMKTS:CRRFY) Declines By 43.0%

Carrefour SA (OTCMKTS:CRRFY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 411,527 shares, a drop of 43.0% from the May 14th total of 721,665 shares. Based on an average daily trading volume, of 1,102,561 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Carrefour Price Performance

Shares of OTCMKTS CRRFY opened at $3.84 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. Carrefour has a 12-month low of $2.73 and a 12-month high of $4.13. The business’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $3.59.

Analysts Set New Price Targets

Separately, Oddo Bhf upgraded Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Carrefour Company Profile

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.