Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Drops By 61.9%

BNP Paribas SA (OTCMKTS:BNPQY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 66,887 shares, a drop of 61.9% from the May 14th total of 175,555 shares. Based on an average daily trading volume, of 730,240 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

BNP Paribas Stock Up 2.7%

Shares of BNPQY stock traded up $1.46 during trading on Friday, hitting $55.77. 50,181 shares of the company were exchanged, compared to its average volume of 473,260. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $122.87 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.67 and a beta of 0.77. The business’s 50-day simple moving average is $52.86 and its 200 day simple moving average is $50.83. BNP Paribas has a twelve month low of $37.50 and a twelve month high of $57.31.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. As a group, analysts forecast that BNP Paribas will post 6.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BNPQY. Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “hold” rating to a “moderate buy” rating in a report on Friday, March 6th. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Tuesday, May 26th. Finally, Zacks Research cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, BNP Paribas presently has a consensus rating of “Hold”.

About BNP Paribas

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.