Credit Agricole SA (OTCMKTS:CRARY) Short Interest Up 72.8% in April

Credit Agricole SA (OTCMKTS:CRARY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 20,946 shares, an increase of 72.8% from the April 15th total of 12,124 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 230,522 shares, the short-interest ratio is presently 0.1 days.

Credit Agricole Stock Performance

Shares of CRARY stock opened at $9.75 on Monday. The firm has a market cap of $59.00 billion, a PE ratio of 8.12 and a beta of 0.66. 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 company’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $9.96. Credit Agricole has a 12 month low of $8.64 and a 12 month high of $11.33.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.25 billion. Equities research analysts expect that Credit Agricole will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a research report on Wednesday, February 11th. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Credit Agricole Company Profile

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.