Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Drops By 60.5%

BNP Paribas SA (OTCMKTS:BNPQY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 23,592 shares, a decline of 60.5% from the June 15th total of 59,737 shares. Based on an average trading volume of 860,402 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BNPQY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BNP Paribas currently has an average rating of “Hold”.

BNP Paribas Price Performance

BNPQY opened at $57.47 on Monday. The firm has a market cap of $126.62 billion, a PE ratio of 9.22, a P/E/G ratio of 0.58 and a beta of 0.77. The stock has a 50-day moving average price of $55.13 and a 200-day moving average price of $52.78. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $59.55.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The business had revenue of $86.05 billion during the quarter, compared to analyst estimates of $15.85 billion. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. As a group, sell-side analysts anticipate that BNP Paribas will post 6.63 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.