Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 327,000 shares, an increase of 2,286.9% from the March 31st total of 13,700 shares. Based on an average daily volume of 624,100 shares, the days-to-cover ratio is currently 0.5 days.

Société Générale Société anonyme Stock Up 0.5 %

Shares of SCGLY traded up $0.03 on Friday, hitting $5.50. The company’s stock had a trading volume of 210,035 shares, compared to its average volume of 312,485. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.62. The firm’s fifty day moving average price is $5.23 and its 200-day moving average price is $5.07. Société Générale Société anonyme has a fifty-two week low of $4.32 and a fifty-two week high of $5.84. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 0.11 and a beta of 1.47.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. Société Générale Société anonyme had a return on equity of 4.69% and a net margin of 9.08%. The business had revenue of $6.41 billion during the quarter. On average, equities research analysts expect that Société Générale Société anonyme will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Société Générale Société anonyme in a research report on Wednesday, March 27th. Morgan Stanley restated an “equal weight” rating on shares of Société Générale Société anonyme in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Société Générale Société anonyme currently has a consensus rating of “Hold”.

About Société Générale Société anonyme

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.