Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Large Increase in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,100,300 shares, an increase of 134.0% from the April 30th total of 470,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,264,400 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

SCGLY has been the topic of a number of recent research reports. UBS Group lowered Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Kepler Capital Markets lowered Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Société Générale Société anonyme Stock Performance

Shares of OTCMKTS SCGLY traded down $0.11 during trading hours on Friday, reaching $10.95. 411,163 shares of the stock were exchanged, compared to its average volume of 631,263. The firm has a market capitalization of $43.80 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.26 and a beta of 1.04. 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 has a 52 week low of $4.30 and a 52 week high of $11.41. The stock's fifty day simple moving average is $9.75 and its 200 day simple moving average is $7.78.

Société Générale Société anonyme (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, topping analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.02 billion. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. Sell-side analysts predict that Société Générale Société anonyme will post 1.14 EPS for the current year.

Société Générale Société anonyme Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a dividend of $0.1797 per share. This represents a yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 22nd. Société Générale Société anonyme's dividend payout ratio is currently 12.40%.

Société Générale Société anonyme 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.