Scor SE (OTCMKTS:SCRYY) Sees Significant Decrease in Short Interest

Scor SE (OTCMKTS:SCRYY) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 48,262 shares, a drop of 24.8% from the March 15th total of 64,141 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 32,587 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SCRYY shares. The Goldman Sachs Group lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a research report on Monday, January 12th. Finally, Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Scor presently has a consensus rating of “Moderate Buy”.

Scor Stock Down 1.0%

Shares of OTCMKTS:SCRYY opened at $3.85 on Thursday. The firm’s 50 day moving average price is $3.51 and its 200 day moving average price is $3.37. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 7.13 and a beta of 0.55. Scor has a fifty-two week low of $2.67 and a fifty-two week high of $3.92.

Scor (OTCMKTS:SCRYY) last issued its earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 19.75%. On average, equities analysts anticipate that Scor will post -0.01 EPS for the current year.

About Scor

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.