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

Credit Agricole SA (OTCMKTS:CRARY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,501 shares, a decline of 96.0% from the September 30th total of 62,934 shares. Based on an average daily volume of 581,724 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Credit Agricole Price Performance

CRARY opened at $8.36 on Tuesday. Credit Agricole has a fifty-two week low of $8.19 and a fifty-two week high of $11.66. The firm has a market capitalization of $51.13 billion, a price-to-earnings ratio of 7.46 and a beta of 0.64. The company’s 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.12.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.34 earnings per share (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 31.64%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.99 billion. As a group, equities research analysts predict that Credit Agricole will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About Credit Agricole

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.