Credit Agricole SA (OTCMKTS:CRARY) Stock Short Interest Rises 947.7%

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 26,204 shares, a growth of 947.7% from the October 15th total of 2,501 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 799,504 shares, the days-to-cover ratio is currently 0.0 days.

Credit Agricole Price Performance

OTCMKTS CRARY traded up $0.01 during mid-day trading on Tuesday, reaching $8.87. 402,933 shares of the stock were exchanged, compared to its average volume of 243,702. The stock has a market cap of $53.68 billion, a P/E ratio of 7.58 and a beta of 0.64. Credit Agricole has a one year low of $8.19 and a one year high of $11.66. The stock has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $10.02.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Credit Agricole had a net margin of 23.72% and a return on equity of 24.18%. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Sell-side analysts anticipate that Credit Agricole will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Credit Agricole presently has a consensus rating of “Hold”.

About Credit Agricole

Crédit Agricole is a French banking group with roots in agricultural lending. Founded in 1894, it has developed into a diversified financial services provider serving individuals, businesses, farmers and public-sector organizations. Its activities include retail and commercial banking, corporate and investment banking, asset management, insurance, and consumer and specialized financing. The group operates through a network of regional and local banks in France and serves customers in other countries through its international businesses.