Scor SE (OTCMKTS:SCRYY) Sees Large Decline in Short Interest

Key Points

• Short interest in Scor fell 78% to 8,071 shares as of July 31, down from 36,724 shares on July 15. Short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.5.
• Scor shares were flat at $4.08, near the 52-week high of $4.12, while the company reported quarterly EPS of $0.12, beating estimates by $0.02. Revenue of $4.17 billion came in below analysts’ $4.25 billion expectation.
• Analyst sentiment remains a “Moderate Buy”, with three Buy and three Hold ratings, although BNP Paribas Exane recently downgraded the stock from Outperform to Neutral.

Scor SE (OTCMKTS:SCRYY - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,071 shares, a drop of 78.0% from the July 15th total of 36,724 shares. Based on an average trading volume of 15,235 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Scor Stock Performance

Shares of OTCMKTS SCRYY remained flat at $4.08 during mid-day trading on Thursday. The company had a trading volume of 6,805 shares, compared to its average volume of 6,163. Scor has a 52 week low of $2.95 and a 52 week high of $4.12. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 7.56 and a beta of 0.59. The company has a 50 day moving average price of $3.78 and a 200-day moving average price of $3.64.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.40%. Equities research analysts predict that Scor will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BNP Paribas Exane downgraded shares of Scor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 17th. Citigroup reaffirmed a "buy" rating on shares of Scor in a report on Thursday, May 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Scor in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

About Scor

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company's main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.

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