Societe Generale Group (OTCMKTS:SCGLY) Stock Short Interest Report for September

Key Points

• Short interest rose 61% to 49,315 shares as of September 30, up from 30,633 shares on September 15, though short interest remained negligible at approximately 0.0% of shares outstanding.
• Analyst sentiment was generally positive, with one Strong Buy, three Buy and five Hold ratings, resulting in MarketBeat’s overall “Moderate Buy” consensus.
• Societe Generale reported quarterly EPS of $0.50, exceeding the $0.39 consensus estimate, while revenue of $8.25 billion also topped expectations; analysts project full-year EPS of $1.82.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 49,315 shares, a growth of 61.0% from the September 15th total of 30,633 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,569,292 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. The Goldman Sachs Group lowered Societe Generale Group from a "buy" rating to a "neutral" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. Zacks Research upgraded Societe Generale Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Societe Generale Group in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Societe Generale Group Price Performance

Shares of OTCMKTS SCGLY opened at $14.60 on Friday. The firm has a market capitalization of $53.97 billion, a P/E ratio of 7.53, a PEG ratio of 0.43 and a beta of 0.80. Societe Generale Group has a one year low of $12.17 and a one year high of $19.52. The company's fifty day moving average is $16.75 and its two-hundred day moving average is $16.78. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. Analysts forecast that Societe Generale Group will post 1.82 EPS for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group that provides financial services to individuals, businesses, institutional investors and public-sector organizations. Its activities include retail banking, corporate and investment banking, private banking, asset management, insurance, consumer finance and specialized financial services.

In France, the group serves personal and business customers through Societe Generale's retail banking network and digital banking platform BoursoBank.

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