Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Declines By 54.1%

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 468,100 shares, a drop of 54.1% from the March 31st total of 1,020,300 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 1,526,800 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of recent research reports. Kepler Capital Markets cut shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Barclays upgraded Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Société Générale Société anonyme has a consensus rating of "Moderate Buy".

Société Générale Société anonyme Stock Up 1.8 %

Shares of OTCMKTS:SCGLY traded up $0.18 during trading on Monday, reaching $9.84. 393,100 shares of the stock traded hands, compared to its average volume of 660,278. Société Générale Société anonyme has a 52-week low of $4.30 and a 52-week high of $9.86. The stock has a market cap of $39.36 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. The stock has a 50-day moving average of $8.75 and a two-hundred day moving average of $6.87. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. As a group, sell-side analysts expect that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

About Société Générale Société anonyme

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.

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