Short Interest in Credit Agricole SA (OTCMKTS:CRARY) Drops By 98.6%

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 92 shares, a drop of 98.6% from the May 31st total of 6,762 shares. Based on an average daily trading volume, of 955,891 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Credit Agricole Stock Down 0.2%

CRARY stock opened at $9.90 on Friday. The company’s 50 day moving average price is $9.80 and its 200 day moving average price is $10.03. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 8.25 and a beta of 0.66. Credit Agricole has a fifty-two week low of $8.80 and a fifty-two week high of $11.33. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The company had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. On average, equities research analysts anticipate that Credit Agricole will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.