Scor SE (OTCMKTS:SCRYY) Sees Large Growth in Short Interest

Scor SE (OTCMKTS:SCRYY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 14,705 shares, an increase of 72.2% from the May 31st total of 8,541 shares. Based on an average daily trading volume, of 11,526 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on SCRYY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Scor has an average rating of “Moderate Buy”.

Scor Stock Performance

Shares of SCRYY opened at $3.71 on Thursday. Scor has a 52-week low of $2.95 and a 52-week high of $4.04. The stock has a fifty day moving average price of $3.68 and a two-hundred day moving average price of $3.52. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 6.51 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. As a group, research analysts predict that Scor will post 0.49 EPS for the current fiscal year.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.