Crédit Agricole S.A. (OTCMKTS:CRARY) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Crédit Agricole S.A. (OTCMKTS:CRARY – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 33,300 shares, an increase of 233.0% from the September 15th total of 10,000 shares. Based on an average trading volume of 312,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Crédit Agricole to a “hold” rating in a report on Thursday, July 11th.

Read Our Latest Research Report on Crédit Agricole

Crédit Agricole Stock Performance

CRARY stock traded down $0.03 during midday trading on Friday, reaching $7.51. 141,371 shares of the company were exchanged, compared to its average volume of 174,342. Crédit Agricole has a 1-year low of $5.82 and a 1-year high of $8.65. The stock’s 50-day simple moving average is $7.57 and its 200 day simple moving average is $7.58. The company has a market cap of $45.65 billion, a price-to-earnings ratio of 7.04 and a beta of 1.46.

Crédit Agricole (OTCMKTS:CRARY – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter. Crédit Agricole had a net margin of 23.85% and a return on equity of 7.46%. The company had revenue of $7.32 billion for the quarter. On average, research analysts anticipate that Crédit Agricole will post 1.16 earnings per share for the current year.

About Crédit Agricole

(Get Free Report)

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking – LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.

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