Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Societe Generale Group (OTCMKTS:SCGLY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 59,472 shares, a decline of 64.6% from the June 15th total of 167,991 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 960,850 shares, the short-interest ratio is presently 0.1 days.

Societe Generale Group Price Performance

Societe Generale Group stock opened at $16.96 on Monday. The company has a market cap of $63.12 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.57 and a beta of 0.80. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50 day moving average price of $16.67 and a 200 day moving average price of $16.46. Societe Generale Group has a 1 year low of $11.36 and a 1 year high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.29 billion. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%. Sell-side analysts predict that Societe Generale Group will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

SCGLY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, June 9th. Finally, Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.