Societe Generale Group (OTCMKTS:SCGLY) Sees Large Drop in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 513,566 shares, a drop of 47.4% from the December 15th total of 975,884 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 548,572 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 548,572 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Societe Generale Group Price Performance

Shares of OTCMKTS SCGLY traded down $0.03 during mid-day trading on Thursday, reaching $16.50. The company had a trading volume of 225,608 shares, compared to its average volume of 382,777. Societe Generale Group has a one year low of $5.93 and a one year high of $17.06. The business’s 50-day simple moving average is $14.89 and its 200 day simple moving average is $13.46. 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 has a market cap of $63.27 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.38 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data 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. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. On average, research analysts predict that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SCGLY shares. Kepler Capital Markets cut shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Finally, The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.