Short Interest in Ses S.A. (OTCMKTS:SGBAF) Increases By 72.8%

Ses S.A. (OTCMKTS:SGBAFGet Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 47,000 shares, an increase of 72.8% from the April 15th total of 27,200 shares. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is presently 13.4 days.

Shares of OTCMKTS SGBAF opened at $8.59 on Friday. The business has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $8.36. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 7.81 and a beta of 1.09. SES has a one year low of $7.38 and a one year high of $9.76.

SES (OTCMKTS:SGBAFGet Rating) last issued its earnings results on Thursday, February 24th. The company reported $0.24 EPS for the quarter. The business had revenue of $529.53 million during the quarter. SES had a return on equity of 5.97% and a net margin of 25.80%. On average, research analysts anticipate that SES will post 0.38 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on SGBAF shares. Zacks Investment Research raised SES from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Wednesday. Societe Generale upped their target price on SES from €9.30 ($9.79) to €10.00 ($10.53) in a research report on Friday, May 6th. Morgan Stanley reduced their price objective on SES from €9.50 ($10.00) to €9.00 ($9.47) in a research report on Friday, February 25th. Barclays increased their price objective on SES from €9.15 ($9.63) to €10.00 ($10.53) and gave the company an “overweight” rating in a research report on Monday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on SES from €7.30 ($7.68) to €8.40 ($8.84) and gave the company a “neutral” rating in a research report on Friday, May 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $9.43.

About SES (Get Rating)

SES SA provides satellite and ground infrastructure solutions worldwide. The company offers data connectivity services through its MEO and GEO satellite communication systems for aviation, maritime, cruise, energy, government, and telco and MNO industries. It also provides video services, including direct to home broadcast, occasional use, IP delivery, cable distribution, channel management, over the top (OTT), satellite distribution, hybrid TV platform, online video platform, content aggregation, SES 360, audience measurement and ad insertion, subscriber management, content distribution, production, value added, and real time booking services for broadcasters, platform operators, and sports organizations.

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