Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Drops By 22.4%

Société Générale Société anonyme (OTCMKTS:SCGLY) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 242,200 shares, a decline of 22.4% from the November 15th total of 312,100 shares. Based on an average trading volume of 1,606,000 shares, the days-to-cover ratio is currently 0.2 days.

Société Générale Société anonyme Price Performance

SCGLY traded down $0.01 during midday trading on Friday, reaching $5.75. 402,183 shares of the company’s stock were exchanged, compared to its average volume of 660,660. The company has a quick ratio of 1.39, a current ratio of 1.36 and a debt-to-equity ratio of 3.63. The business has a 50-day simple moving average of $5.43 and a two-hundred day simple moving average of $5.15. The firm has a market capitalization of $23.01 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.13 and a beta of 1.36. Société Générale Société anonyme has a one year low of $4.30 and a one year high of $6.11.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Société Générale Société anonyme presently 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.