Ses S.A. (OTCMKTS:SGBAF) Sees Significant Increase in Short Interest

Ses S.A. (OTCMKTS:SGBAF) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 194,490 shares, an increase of 61.7% from the September 15th total of 120,314 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 460 shares, the short-interest ratio is presently 422.8 days.

SES Price Performance

SES stock opened at $4.20 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -4.77 and a beta of 1.02. The firm has a 50-day moving average of $5.38 and a two-hundred day moving average of $7.37. SES has a 1 year low of $4.10 and a 1 year high of $11.40.

SES (OTCMKTS:SGBAF) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. The firm had revenue of $877.72 million for the quarter. On average, research analysts forecast that SES will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of SES to a “hold” rating in a report on Wednesday, July 29th. Oddo Bhf upgraded SES to an “outperform” rating in a research note on Thursday. Finally, Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

SES Company Profile

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.