Carrefour SA (OTCMKTS:CRRFY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 81,542 shares, a decrease of 83.3% from the June 15th total of 487,759 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 563,381 shares, the short-interest ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CRRFY. UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada began coverage on Carrefour in a research report on Monday. They set a “moderate buy” rating for the company. Finally, Oddo Bhf raised shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
View Our Latest Report on Carrefour
Carrefour Trading Up 1.4%
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.
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