Carrefour SA (OTCMKTS:CRRFY) Short Interest Down 83.3% in June

Carrefour SA (OTCMKTS:CRRFYGet Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 81,542 shares, a decline of 83.3% from the June 15th total of 487,759 shares. Based on an average daily volume of 563,381 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRRFY shares. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada started coverage on shares of Carrefour in a report on Monday, July 6th. They set a “moderate buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on Carrefour

Carrefour Stock Performance

OTCMKTS:CRRFY traded up $0.02 during trading hours on Monday, hitting $3.75. 83,563 shares of the stock were exchanged, compared to its average volume of 308,771. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $3.79 and its two-hundred day moving average is $3.66. Carrefour has a twelve month low of $2.82 and a twelve month high of $4.13.

Carrefour Company Profile

(Get Free Report)

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.

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