Carrefour SA (OTCMKTS:CRRFY – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 411,836 shares, an increase of 781.1% from the August 15th total of 46,740 shares. Based on an average daily trading volume, of 758,966 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.
Carrefour Stock Performance
Shares of OTCMKTS CRRFY traded up $0.03 during midday trading on Thursday, reaching $3.88. 131,195 shares of the stock were exchanged, compared to its average volume of 302,447. The company has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $3.75. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a twelve month low of $2.85 and a twelve month high of $4.13.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Royal Bank Of Canada initiated coverage on Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Carrefour Company Profile
Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.
Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.
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