Short Interest in Credit Agricole SA (OTCMKTS:CRARY) Decreases By 33.3%

Key Points

• Credit Agricole SA experienced a significant 33.3% decrease in short interest in July, dropping from 29,400 shorted shares to 19,600.
• The company's quarterly earnings report indicated an EPS of $0.42, surpassing the consensus estimate by $0.06.
• As of July, Credit Agricole's stock price increased by 0.4%, bringing it to $9.80, with a market capitalization of $59.31 billion.

Credit Agricole SA (OTCMKTS:CRARY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 19,600 shares, adecreaseof33.3% from the July 15th total of 29,400 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 266,800 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 266,800 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold.

Credit Agricole Price Performance

CRARY traded up $0.1530 during trading hours on Friday, hitting $9.96. The company's stock had a trading volume of 93,334 shares, compared to its average volume of 123,291. The business's 50-day moving average price is $9.44 and its 200-day moving average price is $9.11. Credit Agricole has a 12 month low of $6.44 and a 12 month high of $10.20. The stock has a market cap of $60.28 billion, a price-to-earnings ratio of 7.90 and a beta of 1.05. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 5.92.

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

Wall Street Analyst Weigh In

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

About Credit Agricole

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.