Societe Generale Group (OTCMKTS:SCGLY) Sees Significant Decrease in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 206,718 shares, a decline of 80.4% from the January 29th total of 1,054,011 shares. Based on an average daily trading volume, of 1,386,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,386,505 shares, the short-interest ratio is currently 0.1 days.

Societe Generale Group Stock Down 1.5%

Societe Generale Group stock traded down $0.27 during midday trading on Friday, reaching $17.52. The stock had a trading volume of 150,635 shares, compared to its average volume of 1,268,543. The stock has a market capitalization of $67.18 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.78. The firm’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $14.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.27 and a current ratio of 1.21. Societe Generale Group has a 1-year low of $7.29 and a 1-year high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. As a group, analysts expect that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCGLY. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.