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

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Zacks Research raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods lowered shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Kepler Capital Markets downgraded shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of OTCMKTS:SCGLY opened at $18.10 on Thursday. The company has a market capitalization of $69.40 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. The company’s 50-day moving average is $16.77 and its 200 day moving average is $14.52. 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 fifty-two week low of $7.29 and a fifty-two week high of $18.30.

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

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.