Societe Generale Group (OTCMKTS:SCGLY) Sees Large Decline in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 76,210 shares, a decline of 76.1% from the April 15th total of 318,209 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 528,127 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities analysts have commented on SCGLY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Zacks Research downgraded shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Societe Generale Group presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of SCGLY opened at $15.57 on Friday. Societe Generale Group has a 1-year low of $10.46 and a 1-year high of $18.30. The stock has a market cap of $58.52 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.53 and a beta of 0.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a fifty day moving average price of $15.76 and a 200 day moving average price of $15.60.

Societe Generale Group (OTCMKTS:SCGLY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The business had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. As a group, sell-side analysts anticipate that Societe Generale Group will post 1.69 EPS for the current year.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.