Societe Generale Group (OTCMKTS:SCGLY) Short Interest Update

Key Points

• Short interest in Societe Generale Group increased by 52.0% in July, with total shares at 363,200 compared to 239,000 in June.
• The company reported quarterly earnings of $0.36 per share, exceeding expectations by $0.04, alongside revenues of $7.71 billion.
• Societe Generale Group's dividend yield stands at 162.0% with a payout ratio of 11.35%, following a recent dividend declaration.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 363,200 shares, agrowthof52.0% from the June 30th total of 239,000 shares. Based on an average trading volume of 845,400 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 845,400 shares, the days-to-cover ratio is presently 0.4 days.

Societe Generale Group Trading Down 0.6%

Shares of OTCMKTS:SCGLY traded down $0.08 during mid-day trading on Monday, reaching $13.42. 111,783 shares of the company were exchanged, compared to its average volume of 575,699. The firm has a market cap of $52.69 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 0.38 and a beta of 1.12. The firm's 50-day simple moving average is $11.71 and its 200 day simple moving average is $9.92. Societe Generale Group has a 1 year low of $4.42 and a 1 year high of $13.54. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. Equities research analysts forecast that Societe Generale Group will post 1.14 EPS for the current year.

Societe Generale Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were given a dividend of $0.1797 per share. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 162.0%. Societe Generale Group's dividend payout ratio is currently 11.35%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SCGLY. Barclays restated an "overweight" rating on shares of Societe Generale Group in a research report on Monday, August 4th. UBS Group raised shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.