Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Up 44.3% in March

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,020,300 shares, a growth of 44.3% from the March 15th total of 707,100 shares. Based on an average trading volume of 1,471,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SCGLY. Kepler Capital Markets lowered Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Price Performance

OTCMKTS:SCGLY traded up $0.08 during mid-day trading on Friday, hitting $9.13. 509,317 shares of the stock traded hands, compared to its average volume of 672,877. Société Générale Société anonyme has a 12-month low of $4.30 and a 12-month high of $9.60. 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 cap of $36.53 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. The business’s 50-day moving average price is $8.56 and its 200 day moving average price is $6.66.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its quarterly earnings results 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%. On average, analysts expect that Société Générale Société anonyme will post 1.14 EPS 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.