Scor SE (OTCMKTS:SCRYY) Sees Significant Decline in Short Interest

Scor SE (OTCMKTS:SCRYY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 716 shares, a decrease of 81.8% from the September 30th total of 3,940 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,583 shares, the short-interest ratio is currently 0.1 days.

Scor Stock Performance

Shares of OTCMKTS SCRYY traded up $0.05 during midday trading on Wednesday, reaching $3.80. 390 shares of the company were exchanged, compared to its average volume of 8,164. Scor has a one year low of $2.95 and a one year high of $4.17. The stock’s 50-day moving average price is $3.85 and its 200-day moving average price is $3.68.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.25 billion. On average, equities analysts expect that Scor will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Scor from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is primarily organized around property and casualty reinsurance, as well as life and health reinsurance.

The company’s property and casualty activities cover risks such as natural catastrophes, climate-related events, specialty lines, liability, marine, aviation and other commercial exposures. Through its life and health business, SCOR supports insurers with protection, longevity, mortality and health-related reinsurance solutions.