Crédit Agricole S.A. (OTCMKTS:CRARY) Sees Large Drop in Short Interest

Posted by Maddie Sorensen on Jun 28th, 2024

Crédit Agricole S.A. (OTCMKTS:CRARY – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 45,600 shares, a drop of 64.1% from the May 31st total of 127,000 shares. Based on an average daily trading volume, of 331,800 shares, the short-interest ratio is currently 0.1 days.

Crédit Agricole Price Performance

CRARY traded down $0.03 during trading on Thursday, reaching $6.87. The stock had a trading volume of 180,460 shares, compared to its average volume of 171,028. The stock has a 50 day moving average of $7.79 and a two-hundred day moving average of $7.31. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 6.02. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 6.33 and a beta of 1.48. Crédit Agricole has a 1-year low of $5.61 and a 1-year high of $8.65.

Crédit Agricole (OTCMKTS:CRARY – Get Free Report) last announced its earnings results on Friday, May 3rd. The company reported $0.28 earnings per share for the quarter. The business had revenue of $7.39 billion during the quarter. Crédit Agricole had a return on equity of 7.52% and a net margin of 24.79%. As a group, equities analysts anticipate that Crédit Agricole will post 1.1 EPS for the current fiscal year.

Crédit Agricole Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.5657 per share. The ex-dividend date was Friday, May 24th. This is an increase from Crédit Agricole’s previous dividend of $0.43. Crédit Agricole’s dividend payout ratio is 34.86%.

Crédit Agricole Company Profile

(Get Free Report)

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.