Short Interest in Carrefour SA (OTCMKTS:CRRFY) Declines By 54.1%

Carrefour SA (OTCMKTS:CRRFYGet Rating) saw a significant decrease in short interest in 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 daily volume of 295,000 shares, the days-to-cover ratio is currently 1.1 days.

CRRFY has been the topic of a number of recent research reports. Morgan Stanley decreased their price target 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. Berenberg Bank upped their price target 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 upped their price target on shares of Carrefour from €20.50 ($22.28) to €22.00 ($23.91) in a research note on Wednesday, April 6th. Finally, Zacks Investment Research downgraded shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from, the company currently has an average rating of “Buy” and an average price target of $16.25.

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

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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