Carrefour SA (OTCMKTS:CRRFY) Sees Large Increase in Short Interest

Carrefour SA (OTCMKTS:CRRFY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 411,836 shares, a growth of 781.1% from the August 15th total of 46,740 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 758,966 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRRFY shares. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada began coverage on shares of Carrefour in a research note on Monday, July 6th. They issued a “moderate buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Carrefour has a consensus rating of “Moderate Buy”.

Carrefour Trading Up 0.6%

CRRFY stock opened at $3.88 on Friday. The business’s 50-day moving average is $3.71 and its two-hundred day moving average is $3.75. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a 1 year low of $2.85 and a 1 year high of $4.13.

About Carrefour

Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.

Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.