Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Significant Growth in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 330,400 shares, an increase of 41.7% from the February 13th total of 233,200 shares. Based on an average daily trading volume, of 1,239,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Société Générale Société anonyme Stock Performance

Shares of SCGLY opened at $9.22 on Tuesday. The company has a 50-day simple moving average of $7.31 and a 200-day simple moving average of $6.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.61. The company has a market capitalization of $36.89 billion, a PE ratio of 9.22, a P/E/G ratio of 0.26 and a beta of 1.27. Société Générale Société anonyme has a 52-week low of $4.30 and a 52-week high of $9.29.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. Equities research analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.