Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Grows By 178.1%

Societe Generale Group (OTCMKTS:SCGLY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 975,884 shares, an increase of 178.1% from the November 30th total of 350,930 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,041,886 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 1,041,886 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the company’s shares are short sold.

Societe Generale Group Stock Down 0.3%

Shares of OTCMKTS SCGLY traded down $0.05 during midday trading on Friday, reaching $16.10. 192,477 shares of the company’s stock traded hands, compared to its average volume of 516,690. Societe Generale Group has a one year low of $5.49 and a one year high of $16.50. The stock’s 50 day simple moving average is $13.84 and its 200-day simple moving average is $12.95. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The company has a market cap of $61.73 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.43 and a beta of 0.82.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. On average, analysts predict that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Societe Generale Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.109 per share. The ex-dividend date was Monday, October 6th. This represents a yield of 216.0%. Societe Generale Group’s dividend payout ratio is 17.33%.

Analyst Upgrades and Downgrades

SCGLY has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, November 14th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on 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.