Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Declines By 48.7%

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 27,277 shares, a decline of 48.7% from the July 15th total of 53,122 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 502,379 shares, the short-interest ratio is presently 0.1 days.

Societe Generale Group Price Performance

Shares of SCGLY opened at $18.98 on Friday. The firm has a 50 day moving average of $17.76 and a 200 day moving average of $16.79. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. Societe Generale Group has a twelve month low of $11.89 and a twelve month high of $19.52. The company has a market capitalization of $71.26 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. Societe Generale Group had a return on equity of 7.29% and a net margin of 23.30%.The company had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.03 billion. As a group, equities research analysts anticipate that Societe Generale Group will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SCGLY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Societe Generale Group 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.