Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Drops By 49.1%

Societe Generale Group (OTCMKTS:SCGLY) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 337,940 shares, a drop of 49.1% from the February 26th total of 663,884 shares. Based on an average daily volume of 1,381,911 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Keefe, Bruyette & Woods lowered Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday, February 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Societe Generale Group presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $14.25 on Friday. The stock has a market capitalization of $53.56 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.50 and a beta of 0.75. Societe Generale Group has a 1-year low of $7.29 and a 1-year high of $18.30. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $16.43 and its 200-day moving average price is $14.89.

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

Societe Generale Group Company Profile

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.