Société Générale Société anonyme (OTCMKTS:SCGLY) Sees Significant Decline in Short Interest

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 70,300 shares, a decline of 71.0% from the November 30th total of 242,200 shares. Based on an average daily trading volume, of 1,079,100 shares, the short-interest ratio is presently 0.1 days.

Société Générale Société anonyme Trading Down 0.2 %

SCGLY stock traded down $0.01 during mid-day trading on Friday, reaching $5.65. The company had a trading volume of 732,065 shares, compared to its average volume of 427,582. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. The company has a market capitalization of $22.61 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.13 and a beta of 1.36. The firm has a 50 day moving average of $5.53 and a 200 day moving average of $5.14. Société Générale Société anonyme has a 12 month low of $4.30 and a 12 month high of $6.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SCGLY. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Citigroup upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Société Générale Société anonyme currently has a consensus rating of “Hold”.

About Société Générale Société anonyme

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.