Is Buying CARRE FOUR SUPERMARC (OTCMKTS:CRERF), Having Higher Short Interest a Winning Strategy?

January 16, 2018 - By Marie Mckinney

The stock of CARRE FOUR SUPERMARC (OTCMKTS:CRERF) registered an increase of 24.93% in short interest. CRERF’s total short interest was 910,900 shares in January as published by FINRA. Its up 24.93% from 729,100 shares, reported previously. With 700 shares average volume, it will take short sellers 1301 days to cover their CRERF’s short positions.

The stock increased 0.28% or $0.06 during the last trading session, reaching $21.7. About shares traded. Carrefour SA (OTCMKTS:CRERF) has 0.00% since January 16, 2017 and is . It has underperformed by 16.70% the S&P500.

Carrefour SA operates as a multi-local, multi-format, multi-channel retailer primarily in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company has market cap of $16.46 billion. The firm operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce Websites, as well as m-commerce channels; and service stations. It has a 19.43 P/E ratio. The Company’s stores offer fresh produce; local products; consumer goods; and non-food products, including small household goods, textiles, and home appliances.

More notable recent Carrefour SA (OTCMKTS:CRERF) news were published by: Ft.com which released: “Carrefour shares hit by sharp fall in operating income” on August 30, 2017, also Bloomberg.com with their article: “Amazon-Whole Foods Deal Puts Spotlight on France’s Carrefour” published on June 20, 2017, Ft.com published: “French supermarkets sink after Carrefour warning” on August 31, 2017. More interesting news about Carrefour SA (OTCMKTS:CRERF) were released by: Ft.com and their article: “Carrefour raids Fnac for finance chief” published on October 16, 2017 as well as Foxbusiness.com‘s news article titled: “Carrefour to Acquire 17% Stake in Showroomprive for EUR79 Million” with publication date: January 11, 2018.

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