Carrefour SA (OTCMKTS:CRRFY) Shares Shorted: Short Interest Down 65.8% in October

Key Points

• Carrefour’s short interest fell 65.8% to 212,724 shares as of October 15, down from 621,833 shares on September 30. Short interest represented approximately 0.0% of shares outstanding, with a 0.4-day short-interest ratio.
• Shares traded down 0.7% to $2.94, near the company’s 52-week low of $2.90 and below its 50-day and 200-day moving averages of $3.66 and $3.68.
• Analyst sentiment remains cautious: UBS downgraded Carrefour to “Hold,” while the broader consensus is also “Hold,” with two Buy ratings and three Hold ratings.

Carrefour SA (OTCMKTS:CRRFY - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 212,724 shares, a drop of 65.8% from the September 30th total of 621,833 shares. Based on an average daily trading volume, of 547,407 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Carrefour Trading Down 0.7%

Shares of OTCMKTS:CRRFY traded down $0.02 during trading on Thursday, hitting $2.94. The company's stock had a trading volume of 189,364 shares, compared to its average volume of 331,372. Carrefour has a fifty-two week low of $2.90 and a fifty-two week high of $4.13. The stock's 50-day moving average price is $3.66 and its two-hundred day moving average price is $3.68. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRRFY shares. UBS Group downgraded shares of Carrefour from a "buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Royal Bank Of Canada began coverage on shares of Carrefour in a report on Monday, July 6th. They set a "moderate buy" rating for the company. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Carrefour Company Profile

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour's principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.

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