Carrefour SA (OTCMKTS:CRRFY) Short Interest Down 18.6% in March

Carrefour SA (OTCMKTS:CRRFY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 316,400 shares, a decrease of 18.6% from the February 28th total of 388,900 shares. Based on an average daily volume of 2,812,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Carrefour Stock Performance

Shares of OTCMKTS:CRRFY traded down $0.01 during trading on Wednesday, hitting $2.85. 219,995 shares of the company were exchanged, compared to its average volume of 935,692. The firm has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $2.97. Carrefour has a fifty-two week low of $2.53 and a fifty-two week high of $3.75. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

CRRFY has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Carrefour in a research report on Tuesday, February 4th. BNP Paribas lowered Carrefour from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res cut shares of Carrefour from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st.

Carrefour Company Profile

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.