Societe Generale Group (OTCMKTS:SCGLY) Short Interest Up 84.0% in August

Key Points

• Short interest in Societe Generale Group increased by 84.0%, reaching a total of 417,700 shares by August 15th.
• Analysts have upgraded the stock's rating, with UBS Group raising it from "neutral" to a "buy," contributing to an overall average rating of "Moderate Buy."
• The company reported earnings of $0.36 per share for the last quarter, surpassing analysts' expectations of $0.32 per share.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 417,700 shares, agrowthof84.0% from the July 31st total of 227,000 shares. Based on an average daily volume of 764,200 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 764,200 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SCGLY shares. UBS Group raised shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating on shares of Societe Generale Group in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Societe Generale Group Trading Up 1.8%

Shares of Societe Generale Group stock traded up $0.22 during trading on Monday, hitting $12.72. The stock had a trading volume of 353,849 shares, compared to its average volume of 437,975. The stock has a 50 day simple moving average of $12.47 and a 200 day simple moving average of $10.77. The company has a market capitalization of $49.94 billion, a PE ratio of 9.02, a P/E/G ratio of 0.35 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32. Societe Generale Group has a 1 year low of $4.77 and a 1 year high of $13.89.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $7.71 billion for 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%. On average, research analysts expect that Societe Generale Group will post 1.14 EPS for the current fiscal year.

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.