Scor SE (OTCMKTS:SCRYY) Sees Large Growth in Short Interest

Scor SE (OTCMKTS:SCRYY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 69,634 shares, an increase of 247.4% from the December 31st total of 20,044 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 40,942 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 40,942 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

SCRYY has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research note on Monday, October 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scor in a research note on Tuesday, October 14th. BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a research report on Monday, January 12th. Zacks Research raised Scor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group cut Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Scor Price Performance

OTCMKTS:SCRYY opened at $3.29 on Friday. Scor has a 12 month low of $2.31 and a 12 month high of $3.73. The firm has a market capitalization of $5.91 billion, a PE ratio of 6.09 and a beta of 0.59. The business’s fifty day moving average price is $3.25 and its 200 day moving average price is $3.32.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Scor had a return on equity of 20.01% and a net margin of 5.63%.The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $3.75 billion. As a group, equities analysts anticipate that Scor will post -0.01 EPS for the current year.

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.