Carrefour SA (OTCMKTS:CRRFY – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 81,542 shares, a drop of 83.3% from the June 15th total of 487,759 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 563,381 shares, the short-interest ratio is currently 0.1 days.
Carrefour Stock Performance
CRRFY traded up $0.05 during midday trading on Friday, reaching $3.73. The company had a trading volume of 141,615 shares, compared to its average volume of 238,977. The business has a 50-day moving average of $3.79 and a two-hundred day moving average of $3.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. Carrefour has a 1 year low of $2.82 and a 1 year high of $4.13.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Carrefour in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Oddo Bhf raised shares of Carrefour to a “neutral” rating in a report on Thursday, April 23rd. Finally, UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Carrefour currently has a consensus rating of “Moderate Buy”.
About Carrefour
Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.
Carrefour’s core business activities revolve around food retailing, non-food products and services.
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