Carrefour SA (OTCMKTS:CRRFY) Short Interest Down 54.1% in March

Carrefour SA (OTCMKTS:CRRFYGet Rating) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 336,500 shares, a decrease of 54.1% from the March 15th total of 732,700 shares. Based on an average trading volume of 295,000 shares, the days-to-cover ratio is currently 1.1 days.

CRRFY stock opened at $4.43 on Thursday. Carrefour has a 12 month low of $3.32 and a 12 month high of $4.48. The firm’s 50-day moving average is $4.09 and its 200 day moving average is $3.82. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 0.60.

CRRFY has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Berenberg Bank increased their target price on shares of Carrefour from €17.00 ($18.48) to €18.80 ($20.43) and gave the company a “hold” rating in a research note on Friday, February 25th. Barclays increased their target price on shares of Carrefour from €20.50 ($22.28) to €22.00 ($23.91) in a research note on Wednesday, April 6th. Finally, Morgan Stanley reduced their target price on shares of Carrefour from €20.10 ($21.85) to €19.70 ($21.41) and set an “overweight” rating on the stock in a research note on Wednesday, January 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carrefour has an average rating of “Buy” and an average target price of $16.25.

About Carrefour (Get Rating)

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan. The company operates hypermarkets, convenience stores, supermarkets, cash and carry stores, and hypercash stores; e-commerce sites and m-commerce channels; and service stations.

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