Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Declines By 22.4%

Société Générale Société anonyme (OTCMKTS:SCGLY) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 242,200 shares, a decrease of 22.4% from the November 15th total of 312,100 shares. Based on an average daily volume of 1,606,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of recent analyst reports. Citigroup raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Société Générale Société anonyme has a consensus rating of “Hold”.

Société Générale Société anonyme Price Performance

Shares of Société Générale Société anonyme stock traded down $0.01 on Friday, hitting $5.75. The company had a trading volume of 402,183 shares, compared to its average volume of 660,660. The company has a market cap of $23.01 billion, a PE ratio of 8.10, a PEG ratio of 0.13 and a beta of 1.36. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. Société Générale Société anonyme has a 52 week low of $4.30 and a 52 week high of $6.11. The business has a 50-day simple moving average of $5.43 and a 200-day simple moving average of $5.15.

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.