Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Up 114.0% in March

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 707,100 shares, a growth of 114.0% from the February 28th total of 330,400 shares. Based on an average daily volume of 1,674,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th.

Société Générale Société anonyme Stock Down 1.9 %

Shares of OTCMKTS:SCGLY traded down $0.18 on Friday, hitting $9.27. 1,018,243 shares of the company’s stock were exchanged, compared to its average volume of 650,588. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. Société Générale Société anonyme has a 1-year low of $4.30 and a 1-year high of $9.60. The company has a market capitalization of $37.09 billion, a PE ratio of 9.27, a P/E/G ratio of 0.26 and a beta of 1.27. The firm’s 50-day moving average is $7.89 and its 200 day moving average is $6.26.

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, beating the consensus estimate 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%. Sell-side analysts predict that Société Générale Société anonyme will post 1.14 EPS 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.