Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Drop in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 233,200 shares, a decline of 80.9% from the January 31st total of 1,218,900 shares. Based on an average trading volume of 1,205,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SCGLY shares. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Société Générale Société anonyme Stock Down 0.6 %

SCGLY stock opened at $8.22 on Friday. The company has a market cap of $32.89 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.26 and a beta of 1.33. Société Générale Société anonyme has a 52 week low of $4.30 and a 52 week high of $8.33. The company’s 50-day moving average price is $6.56 and its 200 day moving average price is $5.67. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. On average, research analysts expect that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.