Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Drops By 61.9%

BNP Paribas SA (OTCMKTS:BNPQY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 66,887 shares, a decline of 61.9% from the May 14th total of 175,555 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 730,240 shares, the days-to-cover ratio is presently 0.1 days.

BNP Paribas Stock Performance

Shares of BNP Paribas stock traded up $1.46 on Friday, reaching $55.77. The stock had a trading volume of 50,181 shares, compared to its average volume of 473,260. The business’s 50-day moving average price is $52.86 and its two-hundred day moving average price is $50.83. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80. BNP Paribas has a fifty-two week low of $37.50 and a fifty-two week high of $57.31. The stock has a market cap of $122.87 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.67 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. The business had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. On average, sell-side analysts forecast that BNP Paribas will post 6.71 EPS for the current year.

Analyst Ratings Changes

BNPQY has been the subject of a number of analyst reports. Zacks Research cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, BNP Paribas presently has a consensus rating of “Hold”.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.