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

Scor SE (OTCMKTS:SCRYY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,491 shares, a drop of 42.3% from the June 15th total of 14,705 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 16,912 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Zacks Research cut Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Scor presently has an average rating of “Moderate Buy”.

Scor Trading Up 0.5%

OTCMKTS:SCRYY opened at $3.80 on Friday. Scor has a twelve month low of $2.95 and a twelve month high of $4.04. The company has a 50-day moving average of $3.69 and a 200-day moving average of $3.56. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 6.67 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.58 billion. On average, research analysts forecast that Scor will post 0.47 earnings per share 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.