Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Grows By 114.0%

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 707,100 shares, a growth of 114.0% from the February 28th total of 330,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,674,900 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Several equities analysts have recently commented on SCGLY shares. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th.

Société Générale Société anonyme Price Performance

SCGLY stock traded down $0.18 during mid-day trading on Friday, hitting $9.27. The company had a trading volume of 1,018,243 shares, compared to its average volume of 650,641. The company has a 50-day moving average price of $7.96 and a 200 day moving average price of $6.29. Société Générale Société anonyme has a 12-month low of $4.30 and a 12-month high of $9.60. The company has a market capitalization of $37.09 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.26 and a beta of 1.27. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.61.

Société Générale Société anonyme (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. On average, research analysts anticipate that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

About Société Générale Société anonyme

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.