Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Up 114.0% in March

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 707,100 shares, an increase of 114.0% from the February 28th total of 330,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,674,900 shares, the days-to-cover ratio is presently 0.4 days.

Société Générale Société anonyme Stock Down 1.9 %

Shares of SCGLY stock traded down $0.18 on Friday, reaching $9.27. 1,018,243 shares of the company’s stock traded hands, compared to its average volume of 650,641. The company has a market capitalization of $37.09 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.26 and a beta of 1.27. Société Générale Société anonyme has a 12-month low of $4.30 and a 12-month high of $9.60. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The business’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $6.31.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. On average, equities analysts forecast that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SCGLY shares. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.