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

Société Générale Société anonyme (OTCMKTS:SCGLY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 327,000 shares, a growth of 2,286.9% from the March 31st total of 13,700 shares. Based on an average daily volume of 624,100 shares, the short-interest ratio is currently 0.5 days.

Société Générale Société anonyme Trading Down 0.2 %

OTCMKTS:SCGLY traded down $0.01 during trading hours on Thursday, hitting $5.47. The company had a trading volume of 867,067 shares, compared to its average volume of 327,513. The company has a market capitalization of $21.96 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.11 and a beta of 1.47. The stock has a 50-day moving average price of $5.21 and a 200 day moving average price of $5.06. Société Générale Société anonyme has a 52 week low of $4.32 and a 52 week high of $5.84. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.45 and a quick ratio of 1.45.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.06 earnings per share for the quarter. The business had revenue of $6.41 billion for the quarter. Société Générale Société anonyme had a net margin of 9.08% and a return on equity of 4.69%. On average, equities research analysts predict that Société Générale Société anonyme will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SCGLY shares. Morgan Stanley restated an “equal weight” rating on shares of Société Générale Société anonyme in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Société Générale Société anonyme in a report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Société Générale Société anonyme currently has a consensus rating of “Hold”.

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.