Ses S.A. (OTCMKTS:SGBAF) Shares Shorted: Short Interest Up 63.1% in October

Key Points

• SES short interest jumped 63.1% to 317,192 shares as of October 15, representing 0.1% of shares outstanding and a high 24.8-day days-to-cover ratio.
• Analyst sentiment remains mixed but averages to “Hold”: one analyst rates SES Buy, two rate it Hold, and one rates it Sell. Oddo Bhf upgraded the stock to Outperform, while New Street Research moved it from Sell to Neutral.
• SES shares declined 0.2% to $4.84, well below the 200-day moving average of $7.25 and the one-year high of $11.40. The company recently reported a quarterly loss of $0.32 per share on $877.72 million in revenue.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 317,192 shares, an increase of 63.1% from the September 30th total of 194,490 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 12,782 shares, the days-to-cover ratio is presently 24.8 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SGBAF shares. Barclays lowered shares of SES from an "equal weight" rating to an "underweight" rating in a report on Monday, July 6th. Zacks Research upgraded SES to a "hold" rating in a research report on Wednesday, July 29th. Oddo Bhf upgraded SES to an "outperform" rating in a research report on Thursday, October 15th. Finally, New Street Research upgraded shares of SES from a "sell" rating to a "neutral" rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold".

SES Trading Down 0.2%

SGBAF stock traded down $0.01 during trading on Monday, hitting $4.84. The company had a trading volume of 113 shares, compared to its average volume of 2,941. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.70 billion, a PE ratio of -5.50 and a beta of 1.02. The business has a 50-day moving average of $5.05 and a 200-day moving average of $7.25. SES has a one year low of $4.10 and a one year high of $11.40.

SES (OTCMKTS:SGBAF - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.

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