Scor SE (OTCMKTS:SCRYY) Sees Significant Increase in Short Interest

Scor SE (OTCMKTS:SCRYY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 36,724 shares, an increase of 332.5% from the June 30th total of 8,491 shares. Based on an average daily volume of 26,797 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SCRYY shares. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Scor in a report on Thursday, May 7th. Finally, BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Scor has a consensus rating of “Moderate Buy”.

Scor Trading Down 0.8%

OTCMKTS SCRYY opened at $3.88 on Friday. Scor has a 12 month low of $2.95 and a 12 month high of $4.04. The stock has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.57. The company has a market capitalization of $6.96 billion, a PE ratio of 6.81 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. As a group, sell-side analysts predict that Scor will post 0.47 earnings per share for the current fiscal year.

About Scor

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.