Scor SE (OTCMKTS:SCRYY) Short Interest Down 78.0% in July

Scor SE (OTCMKTS:SCRYY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 8,071 shares, a decline of 78.0% from the July 15th total of 36,724 shares. Based on an average daily trading volume, of 15,235 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Scor Trading Up 2.3%

SCRYY traded up $0.09 during midday trading on Friday, hitting $4.06. 2,813 shares of the company traded hands, compared to its average volume of 9,424. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 7.52 and a beta of 0.59. Scor has a 52-week low of $2.95 and a 52-week high of $4.12. The business has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $3.64.

Scor (OTCMKTS:SCRYY) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Scor had a net margin of 5.50% and a return on equity of 19.40%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Equities research analysts anticipate that Scor will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCRYY. Citigroup reissued a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Finally, BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Scor presently has a consensus rating of “Moderate Buy”.

About Scor

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.