Ses S.A. (OTCMKTS:SGBAF) Sees Significant Decrease in Short Interest

Ses S.A. (OTCMKTS:SGBAF – Get Rating) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 33,800 shares, a drop of 11.7% from the February 13th total of 38,300 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is currently 8.0 days.

SES Stock Up 1.8 %

SGBAF opened at $7.02 on Monday. SES has a fifty-two week low of $5.17 and a fifty-two week high of $9.76. The business has a 50-day moving average of $7.34 and a 200-day moving average of $6.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 1.16. The company has a market capitalization of $3.97 billion, a PE ratio of -46.82 and a beta of 1.23.

Analyst Ratings Changes

Separately, Morgan Stanley dropped their price objective on SES from €10.00 ($10.64) to €9.50 ($10.11) and set an “equal weight” rating on the stock in a research note on Wednesday, November 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.20.

About SES

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SES SA engages in the provision of satellite-based data transmission capacity and ancillary services. It operates through the SES Video and SES Networks business units. The SES Video business unit offers channels broadcast via satellite. The SES Networks business unit consists of sales verticals fixed date, mobility, and government.