Scor SE (OTCMKTS:SCRYY) Sees Large Drop in Short Interest

Scor SE (OTCMKTS:SCRYY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,595 shares, a decline of 85.5% from the April 30th total of 59,296 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,495 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several research analysts have commented on SCRYY shares. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Citigroup reiterated a “buy” rating on shares of Scor in a report on Thursday, May 7th. Finally, Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Scor has an average rating of “Moderate Buy”.

Scor Stock Down 0.3%

SCRYY stock opened at $3.65 on Friday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 6.40 and a beta of 0.59. Scor has a 12 month low of $2.95 and a 12 month high of $4.04. The firm has a 50 day moving average of $3.68 and a two-hundred day moving average of $3.44.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.58 billion. On average, research analysts expect that Scor will post 0.49 EPS for the current fiscal year.

Scor Company Profile

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.