Societe Generale Group (OTCMKTS:SCGLY) Short Interest Up 178.1% in December

Societe Generale Group (OTCMKTS:SCGLY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 975,884 shares, a growth of 178.1% from the November 30th total of 350,930 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,041,886 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 1,041,886 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

SCGLY has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Friday, November 14th. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of SCGLY stock traded down $0.05 during trading hours on Friday, reaching $16.10. 192,477 shares of the company traded hands, compared to its average volume of 419,141. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. Societe Generale Group has a 12-month low of $5.49 and a 12-month high of $16.50. The company has a market cap of $61.73 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.43 and a beta of 0.82. The firm has a 50-day moving average price of $13.90 and a 200 day moving average price of $12.98.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.54 billion. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%. As a group, sell-side analysts predict that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th were issued a $0.109 dividend. This represents a dividend yield of 216.0%. The ex-dividend date was Monday, October 6th. Societe Generale Group’s dividend payout ratio is currently 17.33%.

About Societe Generale Group

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.