Societe Generale Group (OTCMKTS:SCGLY) Short Interest Down 36.7% in September

Key Points

• Societe Generale Group experienced a significant 36.7% decrease in short interest during September, dropping from 350,800 shares to 222,200 shares.
• The company reported earnings of $0.36 per share for the last quarter, surpassing estimates, and it had revenue of $7.71 billion, exceeding expectations by $1.13 billion.
• Societe Generale has announced a dividend of $0.109 per share, yielding a remarkable 216.0%, with a dividend payout ratio of 11.35%.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 222,200 shares, a decrease of 36.7% from the August 31st total of 350,800 shares. Based on an average trading volume of 955,600 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 955,600 shares, the short-interest ratio is presently 0.2 days.

Societe Generale Group Price Performance

OTCMKTS:SCGLY traded up $0.01 during trading hours on Friday, hitting $13.41. The stock had a trading volume of 367,442 shares, compared to its average volume of 362,912. The company has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $11.38. 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 has a one year low of $4.94 and a one year high of $14.09. The firm has a market capitalization of $52.65 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.39 and a beta of 1.08.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced 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. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Research analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th will be issued a $0.109 dividend. This represents a yield of 216.0%. The ex-dividend date of this dividend is Monday, October 6th. Societe Generale Group's dividend payout ratio (DPR) is presently 11.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SCGLY shares. UBS Group raised shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

About Societe Generale Group

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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