Credit Agricole SA (OTCMKTS:CRARY) Short Interest Update

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,674 shares, a growth of 70.5% from the July 15th total of 1,568 shares. Based on an average daily trading volume, of 400,184 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Credit Agricole Trading Down 0.6%

CRARY stock opened at $11.54 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. Credit Agricole has a twelve month low of $8.80 and a twelve month high of $11.66. The stock has a market capitalization of $69.81 billion, a price-to-earnings ratio of 10.30 and a beta of 0.65. The firm’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $10.11.

Credit Agricole (OTCMKTS:CRARY) last released its earnings results on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. As a group, analysts anticipate that Credit Agricole will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

About Credit Agricole

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.