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

Carrefour SA (OTCMKTS:CRRFYGet Free Report) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 25,400 shares, a drop of 81.9% from the May 15th total of 140,100 shares. Based on an average daily volume of 804,800 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Carrefour from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 25th.

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Carrefour Stock Performance

Shares of OTCMKTS CRRFY traded down $0.01 during midday trading on Wednesday, hitting $3.22. The company’s stock had a trading volume of 1,239,999 shares, compared to its average volume of 305,558. Carrefour has a 1 year low of $3.12 and a 1 year high of $4.17. The business’s fifty day simple moving average is $3.45 and its two-hundred day simple moving average is $3.52. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

Carrefour Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.1872 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This is a positive change from Carrefour’s previous dividend of $0.08.

Carrefour Company Profile

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Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.

Further Reading

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