Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Significant Growth in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) was the target of 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. Based on an average daily volume of 1,264,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are short sold.

Société Générale Société anonyme Trading Up 2.3%

Shares of SCGLY traded up $0.25 during midday trading on Tuesday, hitting $11.18. The stock had a trading volume of 337,652 shares, compared to its average volume of 629,522. Société Générale Société anonyme has a 1 year low of $4.30 and a 1 year high of $11.41. The firm has a market cap of $44.73 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.26 and a beta of 1.04. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35. The stock's 50 day moving average is $9.79 and its 200 day moving average is $7.84.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.02 billion. As a group, analysts forecast that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

Société Générale Société anonyme Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders 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 (DPR) is 12.40%.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of research reports. Kepler Capital Markets lowered shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. UBS Group lowered shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Four investment 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.com, the stock has an average rating of "Moderate Buy".

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.