Short Interest in Carrefour SA (OTCMKTS:CRRFY) Declines By 43.0%

Carrefour SA (OTCMKTS:CRRFY) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 411,527 shares, a decrease of 43.0% from the May 14th total of 721,665 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,102,561 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf upgraded Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Carrefour Stock Up 1.3%

CRRFY opened at $3.84 on Friday. Carrefour has a 52 week low of $2.73 and a 52 week high of $4.13. The business has a fifty day simple moving average of $3.88 and a 200-day simple moving average of $3.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.