Short Interest in Scor SE (OTCMKTS:SCRYY) Grows By 332.5%

Scor SE (OTCMKTS:SCRYY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 36,724 shares, an increase of 332.5% from the June 30th total of 8,491 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 26,797 shares, the short-interest ratio is presently 1.4 days.

Scor Price Performance

Shares of Scor stock traded up $0.10 during trading on Monday, hitting $3.98. 141 shares of the company were exchanged, compared to its average volume of 9,845. The firm has a market capitalization of $7.14 billion, a P/E ratio of 6.98 and a beta of 0.59. Scor has a 1-year low of $2.95 and a 1-year high of $4.04. The firm’s fifty day moving average price is $3.71 and its 200 day moving average price is $3.57.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.58 billion. As a group, equities research analysts anticipate that Scor will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

SCRYY has been the topic of a number of recent research reports. BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Scor currently has an average rating of “Moderate Buy”.

Scor Company Profile

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.