Short Interest in Ses S.A. (OTCMKTS:SGBAF) Decreases By 53.0%

Ses S.A. (OTCMKTS:SGBAF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 38,100 shares, a drop of 53.0% from the February 28th total of 81,000 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.0% of the shares of the company are short sold.

SES Price Performance

Shares of SGBAF stock remained flat at $6.04 during mid-day trading on Friday. The stock had a trading volume of 20 shares, compared to its average volume of 3,027. The company has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $4.17. SES has a 1-year low of $2.94 and a 1-year high of $6.62. The stock has a market capitalization of $3.37 billion, a PE ratio of -1.44 and a beta of 1.22. The company has a current ratio of 2.57, a quick ratio of 2.53 and a debt-to-equity ratio of 0.95.

Analysts Set New Price Targets

Separately, Barclays downgraded SES from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th.

About SES

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.