Societe Generale Group (OTCMKTS:SCGLY) Shares Shorted: Short Interest Up 333.8% in October

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 213,926 shares, a growth of 333.8% from the September 30th total of 49,315 shares. Based on an average trading volume of 1,738,433 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms have recently commented on SCGLY. Keefe, Bruyette & Woods upgraded Societe Generale Group from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. The Goldman Sachs Group cut shares of Societe Generale Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of Societe Generale Group stock opened at $13.76 on Wednesday. Societe Generale Group has a one year low of $12.17 and a one year high of $19.52. The business’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $16.57.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. On average, research analysts predict that Societe Generale Group will post 1.82 EPS for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group’s activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.