Carrefour SA (OTCMKTS:CRRFY) Sees Large Increase in Short Interest

Key Points

• Carrefour SA experienced a significant increase in short interest in July, with totals rising to 64,500 shares, a growth of 138.9% since mid-month.
• The company's stock opened at $3.04 with a 1-year trading range between $2.53 and $3.62.
• Carrefour recently cut its dividend, paying out $0.041 per share, resulting in an impressive yield of 124.0%.

Carrefour SA (OTCMKTS:CRRFY - ) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 64,500 shares, agrowthof138.9% from the July 15th total of 27,000 shares. Based on an average trading volume of 435,100 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average trading volume of 435,100 shares, the days-to-cover ratio is presently 0.1 days.

Carrefour Stock Performance

Carrefour stock opened at $3.04 on Friday. Carrefour has a 1-year low of $2.53 and a 1-year high of $3.62. The company has a quick ratio of 0.63, a current ratio of 0.88 and a debt-to-equity ratio of 0.78. The firm's 50 day simple moving average is $2.95 and its 200 day simple moving average is $2.95.

Carrefour Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.041 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 124.0%.

Carrefour Company Profile

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.

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