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

BNP Paribas SA (OTCMKTS:BNPQY) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 98,900 shares, an increase of 186.7% from the July 31st total of 34,500 shares. Based on an average daily trading volume, of 480,000 shares, the days-to-cover ratio is currently 0.2 days.

BNP Paribas Price Performance

BNPQY stock traded down $0.35 during mid-day trading on Thursday, reaching $34.31. The company’s stock had a trading volume of 97,366 shares, compared to its average volume of 233,504. BNP Paribas has a fifty-two week low of $28.24 and a fifty-two week high of $39.32. The stock has a market cap of $77.60 billion, a PE ratio of 7.17, a P/E/G ratio of 0.27 and a beta of 1.45. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.79. The company’s 50 day moving average is $33.52 and its two-hundred day moving average is $34.09.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Equities research analysts expect that BNP Paribas will post 4.9 EPS for the current year.

Analyst Ratings Changes

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

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.