Credit Agricole SA (OTCMKTS:CRARY) Sees Large Growth in Short Interest

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 18,640 shares, a growth of 597.1% from the July 30th total of 2,674 shares. Based on an average daily volume of 164,505 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Credit Agricole Price Performance

CRARY stock opened at $11.08 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The firm has a market cap of $67.05 billion, a price-to-earnings ratio of 9.89 and a beta of 0.65. The company’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $10.13. Credit Agricole has a 12-month low of $8.80 and a 12-month high of $11.66.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.99 billion. On average, analysts expect that Credit Agricole will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

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

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.