Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Up 114.0% in March

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 707,100 shares, a growth of 114.0% from the February 28th total of 330,400 shares. Based on an average daily trading volume, of 1,674,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SCGLY. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th.

Société Générale Société anonyme Stock Performance

Shares of SCGLY traded down $0.18 during midday trading on Friday, hitting $9.27. 1,018,243 shares of the stock traded hands, compared to its average volume of 650,641. The business’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $6.31. The firm has a market capitalization of $37.09 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.26 and a beta of 1.27. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. Société Générale Société anonyme has a 1-year low of $4.30 and a 1-year high of $9.60.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. Equities research analysts predict that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

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.