Carrefour SA (OTCMKTS:CRRFY) Short Interest Down 35.5% in April

Carrefour SA (OTCMKTS:CRRFYGet Rating) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 217,000 shares, a decline of 35.5% from the March 31st total of 336,500 shares. Based on an average daily volume of 507,400 shares, the short-interest ratio is currently 0.4 days.

Shares of CRRFY opened at $4.25 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.54 and a current ratio of 0.80. Carrefour has a 1 year low of $3.32 and a 1 year high of $4.51. The stock’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $3.88.

Several research analysts have weighed in on CRRFY shares. Exane BNP Paribas cut Carrefour from an “outperform” rating to a “neutral” rating and set a €20.00 ($21.51) price objective on the stock. in a research report on Friday, April 22nd. Barclays boosted their price objective on Carrefour from €20.50 ($22.04) to €22.00 ($23.66) in a research report on Wednesday, April 6th. Sanford C. Bernstein raised Carrefour from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 26th. Zacks Investment Research lowered Carrefour from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, Berenberg Bank upgraded Carrefour from a “hold” rating to a “buy” rating in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $17.00.

Carrefour Company Profile (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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