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

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 76,210 shares, a decrease of 76.1% from the April 15th total of 318,209 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 528,127 shares, the days-to-cover ratio is currently 0.1 days.

Societe Generale Group Stock Up 0.6%

SCGLY traded up $0.09 during trading on Thursday, hitting $15.71. 97,372 shares of the company’s stock were exchanged, compared to its average volume of 809,033. 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 business’s 50 day moving average is $15.76 and its two-hundred day moving average is $15.58. Societe Generale Group has a fifty-two week low of $10.46 and a fifty-two week high of $18.30. The stock has a market cap of $59.05 billion, a P/E ratio of 8.73, a PEG ratio of 0.54 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $8.32 billion for 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 analysts expect that Societe Generale Group will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Keefe, Bruyette & Woods lowered shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently 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.