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

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 211,400 shares, a growth of 69.5% from the September 15th total of 124,700 shares. Based on an average trading volume of 629,700 shares, the short-interest ratio is currently 0.3 days.

Société Générale Société anonyme Price Performance

Shares of OTCMKTS:SCGLY opened at $5.11 on Monday. Société Générale Société anonyme has a one year low of $4.30 and a one year high of $6.11. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.11 and a beta of 1.44. The firm has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $5.18.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.25 earnings per share for the quarter. Société Générale Société anonyme had a return on equity of 3.31% and a net margin of 9.04%. The business had revenue of $7.20 billion for the quarter. Research analysts predict that Société Générale Société anonyme will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Société Générale Société anonyme to a “hold” rating in a research note on Monday, August 5th.

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.