Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Down 71.0% in December

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 70,300 shares, a drop of 71.0% from the November 30th total of 242,200 shares. Based on an average daily trading volume, of 1,079,100 shares, the short-interest ratio is presently 0.1 days.

Société Générale Société anonyme Price Performance

Shares of OTCMKTS SCGLY traded down $0.01 during midday trading on Friday, reaching $5.65. 732,065 shares of the stock traded hands, compared to its average volume of 427,582. The company’s 50 day moving average is $5.53 and its 200 day moving average is $5.14. Société Générale Société anonyme has a one year low of $4.30 and a one year high of $6.11. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. The stock has a market capitalization of $22.61 billion, a PE ratio of 6.81, a P/E/G ratio of 0.13 and a beta of 1.36.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SCGLY shares. Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Société Générale Société anonyme currently has an average rating of “Hold”.

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.