Short Interest in Ses S.A. (OTCMKTS:SGBAF) Drops By 31.8%

Ses S.A. (OTCMKTS:SGBAF) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 81,000 shares, a decline of 31.8% from the February 13th total of 118,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 33.8 days.

SES Stock Up 9.4 %

SGBAF stock traded up $0.56 during trading on Monday, hitting $6.50. 6,544 shares of the company’s stock were exchanged, compared to its average volume of 3,167. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of -1.56 and a beta of 1.22. The company has a current ratio of 2.57, a quick ratio of 2.53 and a debt-to-equity ratio of 0.95. SES has a 52-week low of $2.94 and a 52-week high of $6.77. The business has a 50-day moving average price of $4.02 and a two-hundred day moving average price of $4.12.

Analysts Set New Price Targets

Separately, Barclays lowered shares of SES from a “strong-buy” rating to a “hold” rating in a report on Friday, January 24th.

SES Company Profile

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.