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

BNP Paribas SA (OTCMKTS:BNPQY) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 5,300 shares, a drop of 62.7% from the September 30th total of 14,200 shares. Based on an average daily trading volume, of 264,000 shares, the short-interest ratio is presently 0.0 days.

BNP Paribas Trading Down 0.8 %

OTCMKTS:BNPQY opened at $35.14 on Friday. BNP Paribas has a 12 month low of $28.24 and a 12 month high of $39.32. The business’s 50-day moving average is $34.69 and its two-hundred day moving average is $34.77. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $79.47 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.27 and a beta of 1.44.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.51 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 analyst estimates of $12.92 billion. Research analysts predict that BNP Paribas will post 5.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of BNP Paribas to a “moderate buy” rating in a research report on Wednesday, October 9th.

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.