Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Growth in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 302,500 shares, a growth of 330.3% from the December 15th total of 70,300 shares. Based on an average trading volume of 946,300 shares, the days-to-cover ratio is presently 0.3 days.

Société Générale Société anonyme Stock Up 0.7 %

SCGLY traded up $0.04 during trading on Monday, reaching $5.68. The company had a trading volume of 523,606 shares, compared to its average volume of 494,758. The company has a market cap of $22.73 billion, a P/E ratio of 6.84, a PEG ratio of 0.13 and a beta of 1.33. Société Générale Société anonyme has a 12 month low of $4.30 and a 12 month high of $6.11. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. The business’s fifty day moving average price is $5.60 and its 200 day moving average price is $5.21.

Analyst Ratings Changes

Several brokerages have commented on SCGLY. The Goldman Sachs Group raised shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Citigroup raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.