Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Societe Generale Group (OTCMKTS:SCGLY) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 513,566 shares, a decline of 47.4% from the December 15th total of 975,884 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 548,572 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 548,572 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Societe Generale Group Stock Performance

Shares of Societe Generale Group stock traded down $0.07 during trading hours on Friday, reaching $16.39. The company had a trading volume of 275,970 shares, compared to its average volume of 303,729. The firm has a market cap of $62.85 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.38 and a beta of 0.80. Societe Generale Group has a one year low of $5.95 and a one year high of $17.06. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day simple moving average of $15.03 and a 200 day simple moving average of $13.51.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%.The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.54 billion. On average, analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on SCGLY. The Goldman Sachs Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Societe Generale Group

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.