Short Interest in Ses S.A. (OTCMKTS:SGBAF) Declines By 31.8%

Ses S.A. (OTCMKTS:SGBAF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 81,000 shares, a decline of 31.8% from the February 13th total of 118,700 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 33.8 days. Currently, 0.0% of the company’s stock are short sold.

SES Price Performance

Shares of OTCMKTS SGBAF traded up $0.56 during trading hours on Monday, hitting $6.50. 6,544 shares of the stock were exchanged, compared to its average volume of 3,167. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.53 and a current ratio of 2.57. The company has a market cap of $3.62 billion, a PE ratio of -1.56 and a beta of 1.22. SES has a 1-year low of $2.94 and a 1-year high of $6.77. The company’s fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $4.12.

Analyst Ratings Changes

Separately, Barclays lowered shares of SES from a “strong-buy” rating to a “hold” rating in a research report 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.