Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 59,472 shares, a decline of 64.6% from the June 15th total of 167,991 shares. Based on an average trading volume of 960,850 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Societe Generale Group Trading Up 1.4%

OTCMKTS:SCGLY traded up $0.23 during mid-day trading on Tuesday, hitting $17.14. 247,019 shares of the company’s stock were exchanged, compared to its average volume of 717,257. Societe Generale Group has a fifty-two week low of $11.36 and a fifty-two week high of $18.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $63.79 billion, a P/E ratio of 9.52, a PEG ratio of 0.57 and a beta of 0.80. The company has a 50 day simple moving average of $16.69 and a 200-day simple moving average of $16.46.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. As a group, research analysts expect that Societe Generale Group will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

SCGLY has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, June 9th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.