Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Decreases By 47.8%

Societe Generale Group (OTCMKTS:SCGLY) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 39,751 shares, a decrease of 47.8% from the April 30th total of 76,210 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 763,732 shares, the short-interest ratio is presently 0.1 days.

Societe Generale Group Price Performance

Shares of Societe Generale Group stock traded up $0.20 during trading on Monday, reaching $16.58. 1,582,822 shares of the stock traded hands, compared to its average volume of 765,021. The company has a market capitalization of $61.71 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.56 and a beta of 0.80. The business has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $15.85. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. Societe Generale Group has a 52-week low of $10.75 and a 52-week high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The company had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.29 billion. Sell-side analysts expect that Societe Generale Group will post 1.69 EPS for the current year.

Analyst Ratings Changes

SCGLY has been the topic of several recent research reports. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Kepler Capital Markets upgraded Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Zacks Research downgraded Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Societe Generale Group currently has a consensus rating of “Hold”.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.