Crédit Agricole S.A. (OTCMKTS:CRARY) Short Interest Up 280.0% in August

Crédit Agricole S.A. (OTCMKTS:CRARY) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 60,800 shares, an increase of 280.0% from the July 31st total of 16,000 shares. Based on an average trading volume of 411,800 shares, the days-to-cover ratio is currently 0.1 days.

Crédit Agricole Trading Down 0.3 %

OTCMKTS CRARY traded down $0.02 on Wednesday, hitting $7.59. The company’s stock had a trading volume of 137,074 shares, compared to its average volume of 175,450. The firm has a market cap of $45.93 billion, a PE ratio of 6.96 and a beta of 1.47. Crédit Agricole has a 1-year low of $5.82 and a 1-year high of $8.65. The company’s 50-day moving average is $7.28 and its 200 day moving average is $7.40. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 6.02.

Crédit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter. The company had revenue of $7.32 billion during the quarter. Crédit Agricole had a return on equity of 7.46% and a net margin of 23.85%. As a group, analysts predict that Crédit Agricole will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Crédit Agricole to a “hold” rating in a research report on Thursday, July 11th.

About Crédit 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.