Carrefour SA (OTCMKTS:CRRFY) Shares Shorted: Short Interest Down 65.8% in October

Carrefour SA (OTCMKTS:CRRFY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 212,724 shares, a decline of 65.8% from the September 30th total of 621,833 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 547,407 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several research firms recently weighed in on CRRFY. Royal Bank Of Canada initiated coverage on shares of Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. UBS Group lowered Carrefour from a “buy” rating to a “hold” rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Carrefour presently has an average rating of “Hold”.

Carrefour Trading Down 0.3%

Shares of CRRFY opened at $2.95 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. Carrefour has a twelve month low of $2.90 and a twelve month high of $4.13. The firm’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.68.

Carrefour Company Profile

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.