Carrefour SA (OTCMKTS:CRRFY) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemCarrefour SA (OTCMKTS:CRRFY – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 411,836 shares, an increase of 781.1% from the August 15th total of 46,740 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 758,966 shares, the days-to-cover ratio is currently 0.5 days.
Carrefour Stock Performance
Shares of OTCMKTS:CRRFY opened at $3.81 on Friday. The company has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.75. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a 52 week low of $2.85 and a 52 week high of $4.13.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on shares of Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Carrefour
About Carrefour
Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.
Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.