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

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 206,718 shares, a drop of 80.4% from the January 29th total of 1,054,011 shares. Based on an average daily volume of 1,386,505 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,386,505 shares, the short-interest ratio is currently 0.1 days.

Societe Generale Group Price Performance

Shares of SCGLY stock opened at $17.39 on Friday. The firm has a market capitalization of $66.68 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The firm has a fifty day moving average of $16.84 and a 200-day moving average of $14.57. Societe Generale Group has a 12-month low of $7.29 and a 12-month high of $18.30. The company has a quick ratio of 1.27, a current ratio of 1.21 and a debt-to-equity ratio of 2.06.

Societe Generale Group (OTCMKTS:SCGLY) last released its earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.77 billion. On average, equities research analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Zacks Research raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock 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.