Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Societe Generale Group (OTCMKTS:SCGLY) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 76,210 shares, a decline of 76.1% from the April 15th total of 318,209 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 528,127 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research firms have issued reports on SCGLY. Zacks Research cut shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Societe Generale Group stock traded down $0.17 during mid-day trading on Wednesday, hitting $15.62. 230,640 shares of the company traded hands, compared to its average volume of 817,048. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. Societe Generale Group has a one year low of $10.46 and a one year high of $18.30. The stock has a market cap of $58.71 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.55 and a beta of 0.80. The stock has a fifty day moving average price of $15.79 and a 200-day moving average price of $15.55.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. On average, equities analysts predict that Societe Generale Group will post 1.69 earnings per share for the current fiscal 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.