Short Interest in Carrefour SA (OTCMKTS:CRRFY) Grows By 70.8%

Carrefour SA (OTCMKTS:CRRFY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 139,312 shares, a growth of 70.8% from the June 30th total of 81,542 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 478,657 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Several analysts have commented on CRRFY shares. Royal Bank Of Canada assumed coverage on Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Oddo Bhf raised Carrefour to a “neutral” rating in a report on Thursday, April 23rd. Finally, UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Carrefour Trading Down 0.3%

Shares of CRRFY opened at $3.68 on Friday. The business has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $3.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. Carrefour has a 52 week low of $2.82 and a 52 week high of $4.13.

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.