Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Grows By 44.3%

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,020,300 shares, a growth of 44.3% from the March 15th total of 707,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,471,300 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

SCGLY has been the topic of a number of research reports. Kepler Capital Markets downgraded Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Barclays upgraded shares of Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Société Générale Société anonyme has an average rating of "Moderate Buy".

Société Générale Société anonyme Stock Performance

Société Générale Société anonyme stock traded up $0.18 during mid-day trading on Wednesday, reaching $9.52. 616,149 shares of the company were exchanged, compared to its average volume of 665,007. The firm's 50-day simple moving average is $8.68 and its two-hundred day simple moving average is $6.78. Société Générale Société anonyme has a twelve month low of $4.30 and a twelve month high of $9.74. The firm has a market cap of $38.10 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. Equities analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal 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.