Credit Agricole SA (OTCMKTS:CRARY) Sees Significant Drop in Short Interest

Credit Agricole SA (OTCMKTS:CRARY – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 6,762 shares, a decrease of 64.8% from the May 14th total of 19,188 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 288,259 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Credit Agricole from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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Credit Agricole Trading Up 1.2%

Shares of OTCMKTS CRARY traded up $0.12 during midday trading on Friday, reaching $9.62. 314,151 shares of the stock were exchanged, compared to its average volume of 249,439. The company has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $10.01. The stock has a market capitalization of $58.22 billion, a P/E ratio of 8.02 and a beta of 0.66. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. Credit Agricole has a twelve month low of $8.64 and a twelve month high of $11.33.

Credit Agricole (OTCMKTS:CRARY – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. As a group, equities analysts expect that Credit Agricole will post 1.31 earnings per share for the current year.

Credit Agricole Company Profile

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Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.

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