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

Scor SE (OTCMKTS:SCRYY) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 64,141 shares, an increase of 25.7% from the February 26th total of 51,013 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 18,599 shares, the days-to-cover ratio is currently 3.4 days.

Scor Stock Performance

Shares of OTCMKTS:SCRYY opened at $3.47 on Monday. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 6.42 and a beta of 0.55. Scor has a 1-year low of $2.31 and a 1-year high of $3.73. The company’s fifty day moving average is $3.41 and its two-hundred day moving average is $3.35.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Scor had a net margin of 5.55% and a return on equity of 20.42%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $3.83 billion. Sell-side analysts expect that Scor will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SCRYY. The Goldman Sachs Group downgraded Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Zacks Research downgraded Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, BNP Paribas Exane upgraded Scor from a “neutral” rating to an “outperform” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Scor currently has an average rating of “Moderate 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.