Scor SE (OTCMKTS:SCRYY) Sees Large Decline in Short Interest

Scor SE (OTCMKTS:SCRYY) was the target of 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 volume of 15,235 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SCRYY. Citigroup reaffirmed a “buy” rating on shares of Scor in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Finally, BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Scor Stock Performance

Shares of Scor stock remained flat at $4.08 during midday trading on Thursday. 6,805 shares of the company traded hands, compared to its average volume of 6,163. The business has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $3.64. The stock has a market capitalization of $7.32 billion, a PE ratio of 7.56 and a beta of 0.59. Scor has a 12 month low of $2.95 and a 12 month high of $4.12.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.12 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.25 billion. As a group, equities research analysts predict that Scor will post 0.47 earnings per share for the current year.

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.