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

Scor SE (OTCMKTS:SCRYY) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 38,957 shares, a decline of 44.1% from the January 15th total of 69,634 shares. Based on an average daily volume of 22,763 shares, the short-interest ratio is presently 1.7 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 22,763 shares, the short-interest ratio is presently 1.7 days.

Scor Price Performance

Scor stock traded down $0.12 during mid-day trading on Friday, hitting $3.38. The company’s stock had a trading volume of 616 shares, compared to its average volume of 13,013. Scor has a 52-week low of $2.31 and a 52-week high of $3.73. The company has a market cap of $6.07 billion, a PE ratio of 6.26 and a beta of 0.58. The firm’s 50 day moving average is $3.29 and its 200 day moving average is $3.31.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCRYY. Zacks Research raised Scor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. The Goldman Sachs Group cut Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Scor has a consensus rating of “Moderate Buy”.

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.