Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Drop in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 233,200 shares, a decrease 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 days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup raised shares of 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 equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Société Générale Société anonyme Stock Performance

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

Société Générale Société anonyme (OTCMKTS:SCGLY) last released 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, equities 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.