Ses S.A. (OTCMKTS:SGBAF) Sees Large Increase in Short Interest

Ses S.A. (OTCMKTS:SGBAF) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 317,192 shares, an increase of 63.1% from the September 30th total of 194,490 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 12,782 shares, the days-to-cover ratio is currently 24.8 days.

Wall Street Analyst Weigh In

SGBAF has been the topic of a number of recent analyst reports. New Street Research upgraded shares of SES from a “sell” rating to a “neutral” rating in a report on Monday, October 26th. Zacks Research upgraded SES to a “hold” rating in a research note on Wednesday, July 29th. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Finally, Oddo Bhf raised SES to an “outperform” rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

SES Stock Down 0.2%

SGBAF traded down $0.01 during trading hours on Monday, hitting $4.84. 113 shares of the company’s stock were exchanged, compared to its average volume of 2,941. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05. SES has a 1-year low of $4.10 and a 1-year high of $11.40. The stock’s 50-day moving average is $5.05 and its two-hundred day moving average is $7.25. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -5.50 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last released its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The firm had revenue of $877.72 million during the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.