BNP Paribas SA (OTCMKTS:BNPQY) Sees Significant Growth in Short Interest

BNP Paribas SA (OTCMKTS:BNPQY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 73,296 shares, an increase of 67.7% from the July 15th total of 43,710 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 505,439 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on BNPQY shares. DZ Bank upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a research note on Monday, July 27th. Kepler Capital Markets upgraded shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Wednesday, July 15th. Finally, Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

BNP Paribas Trading Down 0.8%

Shares of BNPQY opened at $63.48 on Wednesday. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $65.50. The company has a 50 day simple moving average of $59.86 and a two-hundred day simple moving average of $55.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $139.86 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The firm had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. On average, equities analysts expect that BNP Paribas will post 6.7 earnings per share for the current fiscal year.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.