Scor SE (OTCMKTS:SCRYY) Short Interest Down 78.0% in July

Scor SE (OTCMKTS:SCRYY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 8,071 shares, a decrease of 78.0% from the July 15th total of 36,724 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 15,235 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

Scor Stock Performance

Shares of SCRYY stock opened at $4.06 on Friday. The firm has a market cap of $7.29 billion, a P/E ratio of 7.52 and a beta of 0.59. The firm’s 50 day moving average price is $3.80 and its 200-day moving average price is $3.65. Scor has a one year low of $2.95 and a one year high of $4.12.

Scor (OTCMKTS:SCRYY) last posted its earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.40%. As a group, research analysts predict that Scor will post 0.49 EPS for the current fiscal 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.