Scor SE (OTCMKTS:SCRYY) Shares Shorted: Short Interest Down 56.7% in September

Key Points

• Short interest in Scor fell 56.7% to 3,172 shares as of September 15, representing 0.0% of shares outstanding and just 0.4 days to cover.
• Analyst sentiment is mixed: BNP Paribas Exane downgraded the stock to “neutral,” while UBS Group cut it to “sell.” Overall, the consensus rating is “Hold,” with three Buys, three Holds, and one Sell.
• Scor shares opened at $3.86, with a market capitalization of $6.92 billion and a P/E ratio of 7.15. In its latest quarter, the company reported EPS of $0.12, beating estimates by $0.02, while revenue of $4.17 billion fell short of expectations.

Scor SE (OTCMKTS:SCRYY - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,172 shares, a decline of 56.7% from the August 31st total of 7,328 shares. Based on an average daily volume of 8,788 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are short sold.

Analyst Ratings Changes

Several research analysts have recently issued reports on SCRYY shares. BNP Paribas Exane cut shares of Scor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 17th. UBS Group lowered shares of Scor from a "hold" rating to a "sell" rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

Scor Price Performance

Shares of OTCMKTS:SCRYY opened at $3.86 on Monday. Scor has a 1 year low of $2.95 and a 1 year high of $4.17. The company has a market cap of $6.92 billion, a PE ratio of 7.15 and a beta of 0.57. The stock's 50-day moving average is $3.96 and its 200 day moving average is $3.77.

Scor (OTCMKTS:SCRYY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.25 billion. Scor had a return on equity of 19.18% and a net margin of 5.50%. Analysts expect that Scor will post 0.49 EPS for the current fiscal year.

About Scor

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is organized primarily around two areas: property and casualty reinsurance, and life and health reinsurance.

Through its property and casualty operations, SCOR offers coverage for risks including natural catastrophes, specialty lines, commercial property, liability, motor and other insurance exposures. Its life and health activities support insurers with solutions related to mortality, longevity, disability, medical and other protection risks, as well as financial and capital-management needs.

SCOR serves clients across major insurance markets in Europe, North and South America, and the Asia-Pacific region.

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