Societe Generale Group (OTCMKTS:SCGLY) Short Interest Up 304.5% in May

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 160,804 shares, an increase of 304.5% from the May 14th total of 39,751 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 580,027 shares, the days-to-cover ratio is presently 0.3 days.

Societe Generale Group Price Performance

Shares of SCGLY opened at $17.06 on Friday. The company has a market capitalization of $63.50 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $16.21 and a 200 day moving average of $16.04. Societe Generale Group has a twelve month low of $10.75 and a twelve month high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. As a group, equities research analysts anticipate that Societe Generale Group will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

SCGLY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a report on Friday, May 15th. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Finally, Zacks Research lowered shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.