Societe Generale Group (OTCMKTS:SCGLY) Sees Significant Growth in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,054,011 shares, a growth of 515.5% from the January 15th total of 171,236 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,349,495 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 1,349,495 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several research firms recently issued reports on SCGLY. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research note on Monday. Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 2.5%

SCGLY opened at $17.49 on Wednesday. The stock has a market capitalization of $67.06 billion, a PE ratio of 10.29, a P/E/G ratio of 0.41 and a beta of 0.78. The firm’s fifty day moving average price is $16.29 and its 200 day moving average price is $14.19. 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 $7.29 and a 12-month high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last released its earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. As a group, research analysts expect that Societe Generale Group will post 1.14 EPS for the current fiscal year.

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.