Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Drops By 80.9%

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 233,200 shares, a decline of 80.9% from the January 31st total of 1,218,900 shares. Based on an average trading volume of 1,205,400 shares, the days-to-cover ratio is presently 0.2 days.

Société Générale Société anonyme Trading Up 1.8 %

SCGLY traded up $0.15 during trading on Monday, hitting $8.31. 1,202,885 shares of the stock were exchanged, compared to its average volume of 595,467. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $5.74. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 0.26 and a beta of 1.34. Société Générale Société anonyme has a 1 year low of $4.30 and a 1 year high of $8.41.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect that Société Générale Société anonyme will post 1.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upgraded Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. The Goldman Sachs Group raised shares of Société Générale Société anonyme from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Société Générale Société anonyme Company Profile

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.