Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Grows By 330.3%

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 302,500 shares, an increase of 330.3% from the December 31st total of 70,300 shares. Based on an average daily volume of 946,300 shares, the days-to-cover ratio is presently 0.3 days.

Société Générale Société anonyme Stock Up 0.2 %

SCGLY traded up $0.01 during trading on Wednesday, reaching $6.49. The company’s stock had a trading volume of 1,076,183 shares, compared to its average volume of 521,427. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.11 and a beta of 1.33. The firm has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $5.30. Société Générale Société anonyme has a 1 year low of $4.30 and a 1 year high of $6.53.

Analysts Set New Price Targets

SCGLY has been the topic of a number of research reports. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Monday. Citigroup raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.