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

Crédit Agricole S.A. (OTCMKTS:CRARY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 19,200 shares, a drop of 68.4% from the August 15th total of 60,800 shares. Based on an average daily trading volume, of 418,700 shares, the days-to-cover ratio is presently 0.0 days.

Crédit Agricole Stock Performance

Shares of Crédit Agricole stock traded down $0.04 on Friday, hitting $7.83. The stock had a trading volume of 51,219 shares, compared to its average volume of 175,240. The stock has a market cap of $47.39 billion, a price-to-earnings ratio of 7.18 and a beta of 1.46. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 6.02. Crédit Agricole has a twelve month low of $5.82 and a twelve month high of $8.65. The business’s 50 day moving average is $7.48 and its two-hundred day moving average is $7.49.

Crédit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $7.32 billion during the quarter. Crédit Agricole had a return on equity of 7.46% and a net margin of 23.85%. Analysts forecast that Crédit Agricole will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

Crédit Agricole Company Profile

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.