Short Interest in Societe Generale Group (OTCMKTS:SCGLY) Expands By 304.5%

Societe Generale Group (OTCMKTS:SCGLY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 160,804 shares, a growth of 304.5% from the May 14th total of 39,751 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 580,027 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SCGLY shares. The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Zacks Research lowered Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Kepler Capital Markets raised Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Finally, Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Societe Generale Group Trading Up 6.3%

Shares of Societe Generale Group stock traded up $1.00 on Friday, hitting $16.81. The stock had a trading volume of 180,551 shares, compared to its average volume of 783,268. The stock has a 50 day moving average of $16.17 and a 200 day moving average of $16.04. Societe Generale Group has a twelve month low of $10.75 and a twelve month high of $18.30. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $62.57 billion, a P/E ratio of 9.34, a PEG ratio of 0.53 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The business had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.29 billion. Sell-side analysts expect that Societe Generale Group will post 1.7 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.