Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Societe Generale Group (OTCMKTS:SCGLY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 76,210 shares, a decline of 76.1% from the April 15th total of 318,209 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 528,127 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Zacks Research lowered shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Thursday, April 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 1.1%

SCGLY stock traded down $0.17 during midday trading on Wednesday, hitting $15.62. The company had a trading volume of 230,640 shares, compared to its average volume of 817,048. The stock has a market cap of $58.71 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.55 and a beta of 0.80. Societe Generale Group has a 52 week low of $10.46 and a 52 week high of $18.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average price is $15.79 and its 200 day moving average price is $15.55.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. As a group, equities research analysts expect that Societe Generale Group will post 1.69 earnings per share for the current fiscal year.

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.