Societe Generale Group (OTCMKTS:SCGLY) Sees Large Decrease in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 27,277 shares, a drop of 48.7% from the July 15th total of 53,122 shares. Based on an average daily volume of 502,379 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several analysts recently weighed in on SCGLY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday, July 20th. Finally, Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

OTCMKTS SCGLY opened at $18.98 on Tuesday. The firm’s 50 day moving average price is $17.82 and its two-hundred day moving average price is $16.79. The stock has a market cap of $71.26 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.57 and a beta of 0.80. Societe Generale Group has a twelve month low of $11.89 and a twelve month high of $19.52. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.03 billion. Societe Generale Group had a return on equity of 7.29% and a net margin of 23.30%. Equities analysts anticipate that Societe Generale Group will post 1.82 EPS for the current year.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.