Carrefour SA (OTCMKTS:CRRFY) Short Interest Update

Carrefour SA (OTCMKTS:CRRFY) was the target of a large decrease in short interest in 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. Based on an average daily volume of 1,102,561 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Carrefour Stock Performance

OTCMKTS CRRFY opened at $3.84 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a one year low of $2.73 and a one year high of $4.13. The business has a 50 day simple moving average of $3.88 and a 200 day simple moving average of $3.60.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf raised Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carrefour has a consensus rating of “Moderate Buy”.

Carrefour Company Profile

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.