Scor SE (OTCMKTS:SCRYY) Sees Significant Drop in Short Interest

Scor SE (OTCMKTS:SCRYY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,491 shares, a decrease of 42.3% from the June 15th total of 14,705 shares. Based on an average daily trading volume, of 16,912 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have commented on SCRYY. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Citigroup reissued a “buy” rating on shares of Scor in a report on Thursday, May 7th. Finally, BNP Paribas Exane cut Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Scor Stock Up 1.4%

Shares of SCRYY opened at $3.78 on Thursday. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 6.63 and a beta of 0.59. Scor has a 52-week low of $2.95 and a 52-week high of $4.04. The stock has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.55.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. On average, equities analysts anticipate that Scor will post 0.47 EPS for the current fiscal year.

About Scor

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.