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

BNP Paribas SA (OTCMKTS:BNPQY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 34,500 shares, a decrease of 46.4% from the July 15th total of 64,400 shares. Based on an average daily trading volume, of 390,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of BNP Paribas to a “strong-buy” rating in a research note on Thursday, May 23rd.

BNP Paribas Stock Up 0.9 %

OTCMKTS BNPQY traded up $0.29 on Wednesday, hitting $33.05. 108,580 shares of the company were exchanged, compared to its average volume of 241,676. The company has a market cap of $74.75 billion, a PE ratio of 6.78, a PEG ratio of 0.27 and a beta of 1.45. BNP Paribas has a 12 month low of $28.24 and a 12 month high of $39.32. The stock has a fifty day moving average of $33.46 and a 200-day moving average of $33.88. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.79.

BNP Paribas (OTCMKTS:BNPQY) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $12.92 billion. As a group, analysts forecast that BNP Paribas will post 4.9 earnings per share for the current year.

About BNP Paribas

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.