Credit Agricole SA (OTCMKTS:CRARY) Short Interest Up 597.1% in August

Credit Agricole SA (OTCMKTS:CRARYGet Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 18,640 shares, an increase of 597.1% from the July 30th total of 2,674 shares. Based on an average daily trading volume, of 164,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Credit Agricole Trading Down 0.2%

Shares of Credit Agricole stock opened at $11.08 on Wednesday. The firm has a market capitalization of $67.05 billion, a PE ratio of 9.89 and a beta of 0.65. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79. The firm’s 50 day moving average is $10.53 and its 200 day moving average is $10.13. Credit Agricole has a 1 year low of $8.80 and a 1 year high of $11.66.

Credit Agricole (OTCMKTS:CRARYGet Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. Equities research analysts forecast that Credit Agricole will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Research Report on CRARY

About Credit Agricole

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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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