Short Interest in Scor SE (OTCMKTS:SCRYY) Increases By 72.2%

Scor SE (OTCMKTS:SCRYY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 14,705 shares, a growth of 72.2% from the May 31st total of 8,541 shares. Based on an average daily volume of 11,526 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the shares of the stock are short sold.

Scor Price Performance

Shares of SCRYY opened at $3.78 on Friday. The stock’s fifty day simple moving average is $3.69 and its 200-day simple moving average is $3.53. The firm has a market capitalization of $6.78 billion, a PE ratio of 6.63 and a beta of 0.59. Scor has a 12-month low of $2.95 and a 12-month high of $4.04.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. Analysts anticipate that Scor will post 0.49 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SCRYY. Morgan Stanley restated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. BNP Paribas Exane downgraded shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Scor has a consensus rating of “Moderate Buy”.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.