Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Decreases By 47.8%

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 39,751 shares, a drop of 47.8% from the April 30th total of 76,210 shares. Based on an average daily trading volume, of 763,732 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Societe Generale Group Trading Down 1.6%

Shares of OTCMKTS SCGLY opened at $16.39 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The business has a fifty day simple moving average of $15.90 and a two-hundred day simple moving average of $15.88. The firm has a market cap of $61.00 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80. Societe Generale Group has a twelve month low of $10.75 and a twelve month high of $18.30.

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

Analysts Set New Price Targets

Several research analysts have recently commented on SCGLY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Thursday, April 23rd. Kepler Capital Markets upgraded Societe Generale Group from a “reduce” rating to a “hold” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.