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

Key Points

• Short interest rose 32% in February to 51,013 shares, leaving a days-to-cover ratio of 7.2 days and potentially increasing volatility if short positions are forced to cover.
• Scor beat quarterly estimates with EPS $0.14 vs $0.13 and revenue of $5.28B (vs $3.83B expected); the stock opened at $3.54, was trading up ~3.3%, and has a market cap of $6.36B with a P/E of 6.56.
• Analyst coverage is mixed but skewed positive—one Strong Buy, three Buy and two Hold ratings produce a consensus of "Moderate Buy".

Scor SE (OTCMKTS:SCRYY - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 51,013 shares, an increase of 32.0% from the February 12th total of 38,635 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,105 shares, the days-to-cover ratio is currently 7.2 days. Based on an average daily volume of 7,105 shares, the days-to-cover ratio is currently 7.2 days. Currently, 0.0% of the shares of the company are sold short.

Scor Trading Up 3.3%

Shares of Scor stock opened at $3.54 on Friday. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 6.56 and a beta of 0.55. Scor has a twelve month low of $2.31 and a twelve month high of $3.73. The business's 50 day simple moving average is $3.37 and its 200-day simple moving average is $3.33.

Scor (OTCMKTS:SCRYY - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $3.83 billion. Scor had a return on equity of 20.42% and a net margin of 5.55%. Sell-side analysts predict that Scor will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCRYY. BNP Paribas Exane upgraded shares of Scor from a "neutral" rating to an "outperform" rating in a research note on Monday, January 12th. The Goldman Sachs Group downgraded shares of Scor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus 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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