Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Expands By 44.3%

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

Société Générale Société anonyme Stock Performance

Société Générale Société anonyme stock traded up $0.08 during trading on Friday, hitting $9.13. The stock had a trading volume of 509,317 shares, compared to its average volume of 672,877. The stock’s 50 day moving average is $8.56 and its two-hundred day moving average is $6.66. Société Générale Société anonyme has a 1 year low of $4.30 and a 1 year high of $9.60. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. 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 issued its earnings results 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 return on equity of 4.49% and a net margin of 14.96%. As a group, analysts predict that Société Générale Société anonyme will post 1.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Kepler Capital Markets lowered Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Société Générale Société anonyme presently has a consensus rating of “Moderate Buy”.

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.