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

Key Points

• Credit Agricole SA experienced a significant increase in short interest during September, rising by 82.2% to 78,000 shares as of September 15th.
• The company's stock is currently trading at $9.92, with a 12-month range between $6.44 and $10.20.
• Keefe, Bruyette & Woods has downgraded Credit Agricole from a "hold" rating to a "moderate sell" rating, signaling a cautious outlook from analysts.

Credit Agricole SA (OTCMKTS:CRARY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 78,000 shares, an increase of 82.2% from the August 31st total of 42,800 shares. Based on an average trading volume of 471,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 471,200 shares, the days-to-cover ratio is currently 0.2 days.

Credit Agricole Trading Up 0.1%

Shares of CRARY traded up $0.01 during trading hours on Friday, reaching $9.92. The stock had a trading volume of 161,707 shares, compared to its average volume of 210,366. Credit Agricole has a 12 month low of $6.44 and a 12 month high of $10.20. The firm has a 50-day simple moving average of $9.57 and a 200 day simple moving average of $9.35. The company has a market capitalization of $60.49 billion, a price-to-earnings ratio of 7.87 and a beta of 1.01.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. Credit Agricole had a return on equity of 27.20% and a net margin of 26.77%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods downgraded Credit Agricole from a "hold" rating to a "moderate sell" rating in a research note on Thursday, August 21st.

Credit Agricole Company Profile

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking - LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.

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