Societe Generale Group (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 160,804 shares, a growth of 304.5% from the May 14th total of 39,751 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 580,027 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

SCGLY has been the subject of a number of research reports. Kepler Capital Markets raised shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a report on Friday, May 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Zacks Research lowered shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Finally, Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Societe Generale Group presently has a consensus rating of “Hold”.

Societe Generale Group Trading Up 0.3%

SCGLY stock traded up $0.05 during midday trading on Thursday, reaching $15.86. The company’s stock had a trading volume of 794,842 shares, compared to its average volume of 770,618. Societe Generale Group has a 52 week low of $10.75 and a 52 week high of $18.30. The stock has a market cap of $59.03 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.55 and a beta of 0.80. 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’s 50-day simple moving average is $16.14 and its 200-day simple moving average is $16.01.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that Societe Generale Group will post 1.7 EPS for the current 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.