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

Scor SE (OTCMKTS:SCRYY) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 36,724 shares, a growth of 332.5% from the June 30th total of 8,491 shares. Based on an average daily trading volume, of 26,797 shares, the short-interest ratio is currently 1.4 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages recently commented on SCRYY. Citigroup reaffirmed a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Finally, BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Scor Stock Performance

Shares of SCRYY stock opened at $3.88 on Friday. The company has a market capitalization of $6.96 billion, a P/E ratio of 6.81 and a beta of 0.59. The company’s 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.57. Scor has a 52 week low of $2.95 and a 52 week high of $4.04.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. Analysts forecast that Scor will post 0.47 earnings per share for the current year.

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.