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

Scor Se (OTCMKTS:SCRYY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 20,500 shares, an increase of 1,476.9% from the September 30th total of 1,300 shares. Based on an average daily volume of 104,500 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Scor to a “strong-buy” rating in a report on Friday, October 4th.

Scor Price Performance

SCRYY traded up $0.04 during mid-day trading on Friday, hitting $2.19. The stock had a trading volume of 9,924 shares, compared to its average volume of 24,744. The stock’s fifty day simple moving average is $2.15 and its 200-day simple moving average is $2.55. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 5.09 and a beta of 1.30. Scor has a 1-year low of $1.82 and a 1-year high of $3.53.

Scor (OTCMKTS:SCRYY) last posted its earnings results on Tuesday, July 30th. The financial services provider reported ($0.19) earnings per share for the quarter. Scor had a return on equity of 4.22% and a net margin of 1.23%. The firm had revenue of $4.40 billion during the quarter. As a group, research analysts expect that Scor will post 0.12 earnings per share for the current fiscal year.

About Scor

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.