Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 330,400 shares, an increase of 41.7% from the February 13th total of 233,200 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,239,400 shares, the days-to-cover ratio is presently 0.3 days.

Société Générale Société anonyme Price Performance

Shares of SCGLY stock traded up $0.17 during mid-day trading on Monday, hitting $9.22. 697,128 shares of the stock traded hands, compared to its average volume of 633,701. Société Générale Société anonyme has a twelve month low of $4.30 and a twelve month high of $9.29. The firm has a market cap of $36.89 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.26 and a beta of 1.27. The company's 50-day simple moving average is $7.31 and its 200-day simple moving average is $6.03. 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 issued its quarterly earnings results 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 return on equity of 4.49% and a net margin of 14.96%. As a group, equities research analysts expect that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of research analysts have commented on SCGLY shares. The Goldman Sachs Group raised Société Générale Société anonyme from a "strong sell" rating to a "hold" rating in a 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. Four analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.