Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Significant Increase in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 327,000 shares, a growth of 2,286.9% from the March 31st total of 13,700 shares. Based on an average daily trading volume, of 624,100 shares, the days-to-cover ratio is presently 0.5 days.

Société Générale Société anonyme Stock Down 0.2 %

Société Générale Société anonyme stock traded down $0.01 during mid-day trading on Thursday, reaching $5.47. The company’s stock had a trading volume of 867,067 shares, compared to its average volume of 327,513. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.11 and a beta of 1.47. Société Générale Société anonyme has a 12 month low of $4.32 and a 12 month high of $5.84. The business’s 50 day simple moving average is $5.21 and its 200 day simple moving average is $5.06. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.45 and a current ratio of 1.45.

Société Générale Société anonyme (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.06 EPS for the quarter. Société Générale Société anonyme had a net margin of 9.08% and a return on equity of 4.69%. The company had revenue of $6.41 billion during the quarter. As a group, research analysts anticipate that Société Générale Société anonyme will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Société Générale Société anonyme in a research report on Wednesday, March 27th. Morgan Stanley reiterated an “equal weight” rating on shares of Société Générale Société anonyme in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average 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.