Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Down 71.0% in December

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 70,300 shares, a drop of 71.0% from the November 30th total of 242,200 shares. Based on an average daily volume of 1,079,100 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Société Générale Société anonyme Trading Up 0.4 %

Société Générale Société anonyme stock traded up $0.05 during trading hours on Thursday, hitting $5.64. The stock had a trading volume of 237,259 shares, compared to its average volume of 426,585. The business’s 50 day simple moving average is $5.52 and its 200-day simple moving average is $5.14. Société Générale Société anonyme has a one year low of $4.30 and a one year high of $6.11. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.13 and a beta of 1.36. The company has a quick ratio of 1.39, a current ratio of 1.36 and a debt-to-equity ratio of 3.63.

About Société Générale Société anonyme

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.