BNP Paribas SA (OTCMKTS:BNPQY) Sees Significant Increase in Short Interest

BNP Paribas SA (OTCMKTS:BNPQY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 250,762 shares, a growth of 311.6% from the November 30th total of 60,922 shares. Based on an average daily volume of 667,367 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 667,367 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BNPQY. DZ Bank lowered BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a report on Friday, October 10th. Keefe, Bruyette & Woods raised shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, Barclays downgraded shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

BNP Paribas Stock Up 0.2%

OTCMKTS BNPQY opened at $47.61 on Thursday. BNP Paribas has a 12 month low of $29.82 and a 12 month high of $49.32. The company has a market capitalization of $106.34 billion, a P/E ratio of 8.58, a PEG ratio of 0.76 and a beta of 0.75. The company’s 50 day simple moving average is $41.93 and its 200 day simple moving average is $44.23. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $81.48 billion for the quarter, compared to analyst estimates of $12.84 billion. BNP Paribas had a net margin of 22.74% and a return on equity of 8.56%. Equities research analysts expect that BNP Paribas will post 5.02 earnings per share for the current fiscal year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.