Societe Generale Group (OTCMKTS:SCGLY) Short Interest Down 47.4% in December

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 513,566 shares, a decline of 47.4% from the December 15th total of 975,884 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 548,572 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 548,572 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short.

Societe Generale Group Price Performance

OTCMKTS:SCGLY opened at $16.46 on Friday. Societe Generale Group has a 52 week low of $5.93 and a 52 week high of $17.06. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day simple moving average is $14.96 and its 200 day simple moving average is $13.48. The firm has a market cap of $63.12 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.38 and a beta of 0.80.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Kepler Capital Markets cut shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. The Goldman Sachs Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.