Societe Generale Group (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Societe Generale Group (OTCMKTS:SCGLY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 213,926 shares, a growth of 333.8% from the September 30th total of 49,315 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,738,433 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded Societe Generale Group from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. The Goldman Sachs Group lowered Societe Generale Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Stock Up 0.7%

Shares of SCGLY stock opened at $13.93 on Friday. The company’s fifty day simple moving average is $15.75 and its two-hundred day simple moving average is $16.54. Societe Generale Group has a 52 week low of $12.17 and a 52 week high of $19.52. The stock has a market cap of $51.49 billion, a P/E ratio of 7.99, a PEG ratio of 0.38 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 2.10.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, October 29th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. The firm had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.73 billion. Analysts predict that Societe Generale Group will post 1.82 EPS for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group’s activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.