Ses S.A. (OTCMKTS:SGBAF) Sees Large Drop in Short Interest

Ses S.A. (OTCMKTS:SGBAF) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 38,100 shares, a decline of 53.0% from the February 28th total of 81,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,500 shares, the short-interest ratio is presently 3.3 days.

SES Stock Performance

OTCMKTS:SGBAF remained flat at $6.04 on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 3,027. The firm has a market capitalization of $3.37 billion, a P/E ratio of -1.44 and a beta of 1.22. SES has a 52 week low of $2.94 and a 52 week high of $6.62. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.53 and a current ratio of 2.57. The firm’s 50-day simple moving average is $4.50 and its 200-day simple moving average is $4.17.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of SES from a “strong-buy” rating to a “hold” rating in a report on Friday, January 24th.

About SES

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.