Credit Agricole SA (OTCMKTS:CRARY) Sees Large Decline in Short Interest

Credit Agricole SA (OTCMKTS:CRARY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,501 shares, a decrease of 96.0% from the September 30th total of 62,934 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 581,724 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. 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, the stock currently has a consensus rating of “Hold”.

Credit Agricole Stock Up 1.1%

OTCMKTS:CRARY opened at $8.44 on Wednesday. Credit Agricole has a fifty-two week low of $8.19 and a fifty-two week high of $11.66. The company has a 50 day moving average price of $9.98 and a 200 day moving average price of $10.10.

Credit Agricole (OTCMKTS:CRARY) last announced its earnings results on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. On average, sell-side analysts anticipate that Credit Agricole will post 1.27 earnings per share for the current year.

Credit Agricole Company Profile

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.