Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 327,000 shares, an increase of 2,286.9% from the March 31st total of 13,700 shares. Based on an average daily trading volume, of 624,100 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

SCGLY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Société Générale Société anonyme in a research note on Wednesday, March 27th. Morgan Stanley reissued an “equal weight” rating on shares of Société Générale Société anonyme in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Société Générale Société anonyme Stock Performance

Shares of SCGLY traded up $0.03 during mid-day trading on Friday, reaching $5.50. The company’s stock had a trading volume of 210,035 shares, compared to its average volume of 312,485. Société Générale Société anonyme has a 1-year low of $4.32 and a 1-year high of $5.84. The stock has a market cap of $22.08 billion, a P/E ratio of 7.01, a PEG ratio of 0.11 and a beta of 1.47. The business has a 50-day simple moving average of $5.23 and a two-hundred day simple moving average of $5.07. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.62.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.06 earnings per share for the quarter. The business had revenue of $6.41 billion during the quarter. Société Générale Société anonyme had a return on equity of 4.69% and a net margin of 9.08%. As a group, equities research analysts anticipate that Société Générale Société anonyme will post 1.01 earnings per share for the current fiscal year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.