Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Expands By 67.7%

BNP Paribas SA (OTCMKTS:BNPQY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 73,296 shares, a growth of 67.7% from the July 15th total of 43,710 shares. Based on an average trading volume of 505,439 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

BNP Paribas Price Performance

Shares of BNPQY stock opened at $63.96 on Tuesday. The firm has a market capitalization of $140.92 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. BNP Paribas has a 12-month low of $37.50 and a 12-month high of $65.50. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average of $59.68 and a 200-day moving average of $55.08.

BNP Paribas (OTCMKTS:BNPQY) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The firm had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%. On average, equities research analysts forecast that BNP Paribas will post 6.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Kepler Capital Markets upgraded shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Finally, DZ Bank upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, BNP Paribas has a consensus rating of “Moderate Buy”.

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.