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

BNP Paribas SA (OTCMKTS:BNPQY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 72,500 shares, an increase of 222.2% from the December 15th total of 22,500 shares. Based on an average daily trading volume, of 655,900 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

BNP Paribas Price Performance

Shares of BNPQY stock traded up $0.61 during mid-day trading on Wednesday, hitting $31.37. 695,402 shares of the stock traded hands, compared to its average volume of 600,275. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $30.70 and its 200-day simple moving average is $33.04. BNP Paribas has a twelve month low of $28.53 and a twelve month high of $39.32. The firm has a market cap of $70.90 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.23 and a beta of 1.36.

BNP Paribas (OTCMKTS:BNPQY) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.02). The firm had revenue of $13.12 billion for the quarter, compared to analyst estimates of $13.13 billion. As a group, equities research analysts expect that BNP Paribas will post 5.27 earnings per share for the current year.

BNP Paribas Company Profile

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.