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

Ses S.A. (OTCMKTS:SGBAF) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 52,100 shares, a growth of 36.7% from the March 15th total of 38,100 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 19.3 days. Approximately 0.0% of the shares of the company are short sold.

SES Stock Performance

OTCMKTS SGBAF traded down $0.03 during trading hours on Friday, reaching $5.42. 1,000 shares of the company were exchanged, compared to its average volume of 2,619. The stock has a market capitalization of $3.02 billion, a P/E ratio of -1.30 and a beta of 0.71. The company has a quick ratio of 2.53, a current ratio of 2.57 and a debt-to-equity ratio of 0.95. SES has a 1 year low of $2.94 and a 1 year high of $6.57. The business’s 50 day simple moving average is $5.26 and its 200-day simple moving average is $4.21.

Wall Street Analyst Weigh In

Separately, Barclays downgraded SES from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th.

About SES

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.