Carrefour SA (OTCMKTS:CRRFY) Sees Large Increase in Short Interest

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

Wall Street Analysts Forecast Growth

CRRFY has been the topic of several recent research reports. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Oddo Bhf upgraded Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada started coverage on Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. One investment 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 company currently has an average rating of “Moderate Buy”.

Carrefour Trading Up 3.4%

CRRFY stock opened at $3.69 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. Carrefour has a twelve month low of $2.82 and a twelve month high of $4.13. The firm’s fifty day simple moving average is $3.70 and its two-hundred day simple moving average is $3.69.

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.