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

SES logo with Computer and Technology background

Ses S.A. (OTCMKTS:SGBAF - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 31,100 shares, a growth of 31.2% from the September 30th total of 23,700 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 11.5 days.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of SES to a "strong-buy" rating in a research note on Wednesday, October 2nd.

Check Out Our Latest Report on SES

SES Stock Down 0.4 %

OTCMKTS:SGBAF traded down $0.02 on Tuesday, reaching $4.01. The stock had a trading volume of 1,000 shares, compared to its average volume of 3,071. The company has a 50-day moving average of $5.06 and a 200 day moving average of $5.24. The company has a current ratio of 2.57, a quick ratio of 2.53 and a debt-to-equity ratio of 0.95. The stock has a market cap of $2.23 billion, a P/E ratio of -1.74 and a beta of 1.21. SES has a 12-month low of $4.00 and a 12-month high of $6.77.

SES (OTCMKTS:SGBAF - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $516.68 million for the quarter. SES had a positive return on equity of 8.57% and a negative net margin of 45.07%. On average, research analysts predict that SES will post 0.62 earnings per share for the current year.

About SES

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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