Societe Generale Group (OTCMKTS:SCGLY) Short Interest Up 178.1% in December

Societe Generale Group (OTCMKTS:SCGLY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 975,884 shares, an increase of 178.1% from the November 30th total of 350,930 shares. Based on an average daily trading volume, of 1,041,886 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,041,886 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SCGLY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Friday, December 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of OTCMKTS:SCGLY opened at $16.10 on Friday. The firm’s 50 day simple moving average is $13.90 and its 200 day simple moving average is $13.00. Societe Generale Group has a fifty-two week low of $5.49 and a fifty-two week high of $16.50. The company has a market capitalization of $61.74 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.43 and a beta of 0.82. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. As a group, sell-side analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 24th. Investors of record on Tuesday, October 7th were paid a dividend of $0.109 per share. This represents a yield of 216.0%. The ex-dividend date of this dividend was Monday, October 6th. Societe Generale Group’s dividend payout ratio (DPR) is presently 17.33%.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.