Societe Generale Group (OTCMKTS:SCGLY) Sees Significant Increase in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 663,884 shares, a growth of 221.2% from the February 12th total of 206,718 shares. Based on an average trading volume of 6,297,665 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 6,297,665 shares, the days-to-cover ratio is presently 0.1 days.

Societe Generale Group Price Performance

Shares of OTCMKTS:SCGLY opened at $15.70 on Wednesday. The stock has a market capitalization of $59.01 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.53 and a beta of 0.75. The business has a 50-day moving average of $16.82 and a two-hundred day moving average of $14.70. Societe Generale Group has a fifty-two week low of $7.29 and a fifty-two week high of $18.30. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.77 billion. On average, equities research analysts predict that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Zacks Research upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Finally, Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.