Ses S.A. (OTCMKTS:SGBAF) Sees Large Growth in Short Interest

Ses S.A. (OTCMKTS:SGBAF) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 194,490 shares, an increase of 61.7% from the September 15th total of 120,314 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 460 shares, the days-to-cover ratio is presently 422.8 days.

SES Stock Performance

Shares of SGBAF opened at $4.20 on Friday. SES has a 12 month low of $4.10 and a 12 month high of $11.40. The stock has a 50 day moving average of $5.38 and a 200 day moving average of $7.37. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -4.77 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. The business had revenue of $877.72 million for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. As a group, sell-side analysts forecast that SES will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SGBAF. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research upgraded shares of SES to a “hold” rating in a research report on Wednesday, July 29th. Finally, Oddo Bhf raised SES to an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.