Societe Generale Group (OTCMKTS:SCGLY) Short Interest Down 80.4% in February

Societe Generale Group (OTCMKTS:SCGLY) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 206,718 shares, a decrease of 80.4% from the January 29th total of 1,054,011 shares. Based on an average daily volume of 1,386,505 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,386,505 shares, the days-to-cover ratio is presently 0.1 days.

Societe Generale Group Price Performance

Shares of SCGLY stock opened at $18.10 on Thursday. Societe Generale Group has a twelve month low of $7.29 and a twelve month high of $18.30. The company has a quick ratio of 1.27, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The business has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $14.52. The company has a market cap of $69.40 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.61 and a beta of 0.78.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%. On average, sell-side analysts forecast that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SCGLY has been the topic of a number of research analyst reports. Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Finally, Zacks Research raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.