Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Decreases By 47.8%

Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 39,751 shares, a decline of 47.8% from the April 30th total of 76,210 shares. Based on an average trading volume of 763,732 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Societe Generale Group Stock Performance

Shares of SCGLY traded up $0.20 during trading hours on Monday, reaching $16.58. 1,582,822 shares of the company traded hands, compared to its average volume of 765,021. The stock has a market capitalization of $61.71 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.56 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. Societe Generale Group has a 12-month low of $10.75 and a 12-month high of $18.30. The business has a fifty day moving average price of $15.87 and a 200-day moving average price of $15.85.

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Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. Equities analysts anticipate that Societe Generale Group will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Zacks Research downgraded shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

View Our Latest Analysis on SCGLY

Societe Generale Group Company Profile

(Get Free Report)

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.

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