Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Update

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 233,200 shares, a drop of 80.9% from the January 31st total of 1,218,900 shares. Based on an average daily volume of 1,205,400 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

SCGLY has been the subject of several research reports. Citigroup upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Trading Up 0.4 %

Shares of SCGLY traded up $0.04 on Thursday, hitting $8.27. 780,485 shares of the stock traded hands, compared to its average volume of 581,870. Société Générale Société anonyme has a 1 year low of $4.30 and a 1 year high of $8.33. The stock’s 50 day moving average is $6.51 and its two-hundred day moving average is $5.66. The firm has a market capitalization of $33.09 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.26 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.61.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. As a group, sell-side analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

About Société Générale Société anonyme

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.