BNP Paribas SA (OTCMKTS:BNPQY) Short Interest Up 67.7% in July

Key Points

• BNP Paribas short interest surged 67.7% in July to 73,296 shares, though short positions represent 0.0% of shares outstanding and only 0.1 days of average trading volume.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating based on one Strong Buy, three Buys, and four Holds.
• BNP Paribas reported quarterly EPS of $2.16, exceeding the $1.92 estimate, while revenue of $16.38 billion also topped expectations.

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

Wall Street Analyst Weigh In

BNPQY has been the topic of several research analyst reports. DZ Bank raised BNP Paribas from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of BNP Paribas in a report on Monday, July 27th. Citigroup reissued a "buy" rating on shares of BNP Paribas in a report on Monday, July 20th. Kepler Capital Markets raised BNP Paribas from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of BNP Paribas in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, BNP Paribas currently has a consensus rating of "Moderate Buy".

BNP Paribas Stock Performance

Shares of BNPQY stock opened at $64.90 on Monday. 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 company has a market cap of $142.99 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.64 and a beta of 0.77. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $65.50. The firm has a fifty day moving average price of $59.47 and a 200-day moving average price of $55.01.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%.The company had revenue of $16.38 billion for the quarter, compared to analysts' expectations of $15.44 billion. As a group, equities analysts predict that BNP Paribas will post 6.7 earnings per share for the current year.

BNP Paribas Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source