Credit Agricole SA (OTCMKTS:CRARY) Short Interest Up 72.8% in April

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 20,946 shares, a growth of 72.8% from the April 15th total of 12,124 shares. Based on an average trading volume of 230,522 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Credit Agricole Stock Up 0.6%

Shares of OTCMKTS:CRARY opened at $9.81 on Tuesday. The stock has a market cap of $59.37 billion, a price-to-earnings ratio of 8.18 and a beta of 0.66. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. Credit Agricole has a 12-month low of $8.64 and a 12-month high of $11.33. The business’s 50 day moving average is $9.74 and its 200 day moving average is $9.97.

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

Analyst Ratings Changes

A number of brokerages have commented on CRARY. Deutsche Bank Aktiengesellschaft cut Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Credit Agricole 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.