Crédit Agricole S.A. (OTCMKTS:CRARY) Sees Large Decline in Short Interest

Crédit Agricole S.A. (OTCMKTS:CRARY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 34,400 shares, a decline of 62.2% from the June 30th total of 91,000 shares. Based on an average daily trading volume, of 372,100 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Crédit Agricole to a “hold” rating in a research report on Thursday, July 11th.

Crédit Agricole Stock Performance

OTCMKTS:CRARY traded down $0.07 during mid-day trading on Thursday, hitting $7.51. The stock had a trading volume of 129,816 shares, compared to its average volume of 176,690. The stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of 7.29 and a beta of 1.47. The company has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $7.35. Crédit Agricole has a 52 week low of $5.82 and a 52 week high of $8.65. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 6.02.

Crédit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.28 earnings per share for the quarter. The company had revenue of $7.39 billion during the quarter. Crédit Agricole had a net margin of 24.79% and a return on equity of 7.52%. On average, research analysts expect that Crédit Agricole will post 1.1 earnings per share for the current fiscal year.

Crédit Agricole Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.5657 dividend. This is a positive change from Crédit Agricole’s previous dividend of $0.43. The ex-dividend date was Friday, May 24th. Crédit Agricole’s dividend payout ratio is currently 34.86%.

About Crédit Agricole

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking – LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.