Societe Generale Group (OTCMKTS:SCGLY) Sees Large Decrease in Short Interest

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 705,900 shares, a drop of 35.8% from the May 15th total of 1,100,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 855,400 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Kepler Capital Markets downgraded Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. UBS Group cut Societe Generale Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Societe Generale Group currently has an average rating of "Moderate Buy".

Societe Generale Group Trading Down 4.6%

OTCMKTS:SCGLY traded down $0.53 during trading hours on Tuesday, hitting $11.01. 646,388 shares of the stock were exchanged, compared to its average volume of 485,898. The company has a market capitalization of $44.06 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.43. The company's 50 day moving average is $10.34 and its two-hundred day moving average is $8.24. Societe Generale Group has a twelve month low of $4.30 and a twelve month high of $11.65.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.02 billion. Societe Generale Group had a return on equity of 5.57% and a net margin of 18.10%. On average, sell-side analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The firm 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. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, May 22nd. Societe Generale Group's dividend payout ratio is 12.40%.

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.