Scor SE (OTCMKTS:SCRYY) Sees Significant Increase in Short Interest

Scor SE (OTCMKTS:SCRYY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 20,044 shares, an increase of 3,653.6% from the December 15th total of 534 shares. Based on an average daily trading volume, of 23,140 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 23,140 shares, the days-to-cover ratio is currently 0.9 days.

Scor Trading Down 2.1%

Shares of OTCMKTS:SCRYY opened at $3.32 on Wednesday. The firm has a 50 day moving average of $3.22 and a 200-day moving average of $3.32. Scor has a 12 month low of $2.31 and a 12 month high of $3.73. The stock has a market capitalization of $5.96 billion, a PE ratio of 6.14 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Scor had a net margin of 5.63% and a return on equity of 20.01%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $3.75 billion. On average, research analysts predict that Scor will post -0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. BNP Paribas raised shares of Scor from a “neutral” rating to an “outperform” rating in a report on Monday. Finally, Morgan Stanley restated an “overweight” rating on shares of Scor in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.