Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Down 22.4% in November

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 242,200 shares, a decline of 22.4% from the November 15th total of 312,100 shares. Based on an average daily trading volume, of 1,606,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Société Générale Société anonyme Price Performance

Shares of Société Générale Société anonyme stock traded down $0.01 during trading hours on Monday, hitting $5.75. The company’s stock had a trading volume of 402,100 shares, compared to its average volume of 424,358. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.39 and a current ratio of 1.36. Société Générale Société anonyme has a 12-month low of $4.30 and a 12-month high of $6.11. The business has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $5.14. The company has a market cap of $23.01 billion, a PE ratio of 6.93, a PEG ratio of 0.13 and a beta of 1.36.

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.