Société Générale Société anonyme (OTCMKTS:SCGLY) Short Interest Up 106.2% in January

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,218,900 shares, a growth of 106.2% from the January 15th total of 591,100 shares. Based on an average trading volume of 1,206,900 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

SCGLY has been the subject of a number of analyst reports. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Société Générale Société anonyme presently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Stock Performance

OTCMKTS:SCGLY traded down $0.19 during mid-day trading on Thursday, hitting $7.69. 563,914 shares of the stock were exchanged, compared to its average volume of 574,183. The firm’s 50-day simple moving average is $6.05 and its 200 day simple moving average is $5.43. The stock has a market capitalization of $30.77 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.13 and a beta of 1.34. Société Générale Société anonyme has a fifty-two week low of $4.30 and a fifty-two week high of $7.90. 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) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. As a group, equities analysts anticipate that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

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.