Societe Generale Group (OTCMKTS:SCGLY) Short Interest Down 37.5% in July

Key Points

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Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 227,000 shares, adeclineof37.5% from the July 15th total of 363,200 shares. Based on an average trading volume of 686,500 shares, the short-interest ratio is presently 0.3 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 686,500 shares, the short-interest ratio is presently 0.3 days.

Societe Generale Group Trading Up 1.0%

OTCMKTS:SCGLY traded up $0.13 during trading hours on Friday, hitting $13.63. 261,913 shares of the stock were exchanged, compared to its average volume of 381,418. The company's 50 day moving average is $12.20 and its two-hundred day moving average is $10.39. Societe Generale Group has a twelve month low of $4.72 and a twelve month high of $13.8925. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $53.51 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.12.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%.The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. On average, sell-side analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of research analyst reports. UBS Group upgraded shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.