Scor Se (OTCMKTS:SCRYY) Sees Significant Increase in Short Interest
Scor Se (OTCMKTS:SCRYY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 8,400 shares, a growth of 833.3% from the August 31st total of 900 shares. Based on an average daily volume of 71,000 shares, the days-to-cover ratio is presently 0.1 days.
Several equities analysts have recently commented on SCRYY shares. JPMorgan Chase & Co. lowered Scor from an “overweight” rating to a “neutral” rating in a report on Monday, September 7th. Berenberg Bank started coverage on Scor in a report on Tuesday, June 23rd. They set a “buy” rating for the company. Morgan Stanley raised Scor from an “underweight” rating to an “equal weight” rating in a report on Tuesday, July 14th. Zacks Investment Research lowered Scor from a “hold” rating to a “sell” rating in a report on Friday, July 31st. Finally, Societe Generale reaffirmed a “buy” rating on shares of Scor in a report on Thursday, September 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $2.75.
Shares of OTCMKTS:SCRYY opened at $2.45 on Monday. The stock has a market capitalization of $4.59 billion, a PE ratio of 24.47 and a beta of 1.16. The company’s 50-day moving average price is $2.63 and its two-hundred day moving average price is $2.60. Scor has a one year low of $1.63 and a one year high of $4.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 10.37 and a quick ratio of 8.21.
Scor Company Profile
SCOR SE provides life and non-life reinsurance products worldwide. It operates through SCOR Global P&C and SCOR Global Life segments. The SCOR Global P&C segment offers reinsurance products in the areas of property and casualty treaties; specialty treaties, including credit and surety, decennial insurance, aviation, space, marine, engineering, agriculture risks, and alternative solutions; business solutions; business ventures and partnerships; and direct insurance products on a business-to-business basis.
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