Scor SE (OTCMKTS:SCRYY) Stock Short Interest Falls 81.8%

Key Points

• Short interest in Scor fell 81.8% to 716 shares as of October 15, down from 3,940 shares at the end of September. Short interest represents 0.0% of shares, with a days-to-cover ratio of just 0.1.
• SCRYY opened at $3.73, down 3.0%, with a $6.68 billion market capitalization and a P/E ratio of 6.90. The stock has traded between $2.95 and $4.17 over the past year.
• Scor exceeded quarterly EPS expectations, reporting $0.12 versus the $0.10 consensus, though revenue of $4.17 billion fell short of estimates. Analyst sentiment remains “Hold” after UBS downgraded the stock to “Sell.”

Scor SE (OTCMKTS:SCRYY - Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 716 shares, a decline of 81.8% from the September 30th total of 3,940 shares. Based on an average trading volume of 10,583 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Scor Trading Down 3.0%

SCRYY stock opened at $3.73 on Tuesday. The firm has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $3.68. The company has a market capitalization of $6.68 billion, a P/E ratio of 6.90 and a beta of 0.56. Scor has a twelve month low of $2.95 and a twelve month high of $4.17.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Scor had a net margin of 5.50% and a return on equity of 19.18%. The firm had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.25 billion. On average, research analysts predict that Scor will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded Scor from a "hold" rating to a "sell" rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Scor has an average rating of "Hold".

Scor Company Profile

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

The company's property and casualty activities cover risks such as natural catastrophes, climate-related events, specialty lines, liability, marine, aviation and other commercial exposures. Through its life and health business, SCOR supports insurers with protection, longevity, mortality and health-related reinsurance solutions.

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