BNP Paribas SA (OTCMKTS:BNPQY) Sees Significant Decrease in Short Interest

BNP Paribas SA (OTCMKTS:BNPQY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 131,500 shares, a decline of 54.6% from the August 15th total of 289,900 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is currently 0.4 days.

Shares of BNP Paribas stock opened at $32.13 on Friday. BNP Paribas has a 1 year low of $16.78 and a 1 year high of $35.31. The business has a 50-day moving average of $31.03 and a two-hundred day moving average of $31.77. The company has a market capitalization of $80.33 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.80 and a quick ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Friday, July 30th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.27. BNP Paribas had a return on equity of 7.08% and a net margin of 18.03%. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $13.31 billion. On average, equities analysts anticipate that BNP Paribas will post 3.7 EPS for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 20th. Shareholders of record on Monday, September 27th will be issued a $0.754 dividend. The ex-dividend date of this dividend is Friday, September 24th. BNP Paribas’s dividend payout ratio (DPR) is currently 36.63%.

Several research firms recently weighed in on BNPQY. Royal Bank of Canada upgraded BNP Paribas to an “outperform” rating and boosted their target price for the stock from €60.00 ($70.59) to €62.00 ($72.94) in a report on Monday, August 2nd. HSBC upgraded BNP Paribas to a “buy” rating in a report on Friday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on BNP Paribas from €59.00 ($69.41) to €61.00 ($71.76) and gave the stock a “hold” rating in a report on Monday, August 2nd. Credit Suisse Group lifted their price target on BNP Paribas from €60.00 ($70.59) to €62.00 ($72.94) and gave the stock an “outperform” rating in a research report on Monday, August 2nd. Finally, Morgan Stanley lifted their price target on BNP Paribas from €68.00 ($80.00) to €69.00 ($81.18) and gave the stock an “overweight” rating in a research report on Tuesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $56.59.

BNP Paribas Company Profile

BNP Paribas SA engages in the provision of banking and financial services. The company operates through the following business: Retail Banking and Services, and Corporate Institutional Banking. The Retail Banking and Services business includes the retail banking networks and specialized financial services in France and around the world.

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