Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 31,390 shares, a growth of 36.1% from the November 30th total of 23,062 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 160,003 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 160,003 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Finally, Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on EBKDY

Erste Group Bank Stock Performance

Shares of EBKDY stock traded down $0.21 during trading on Wednesday, reaching $60.25. 6,972 shares of the company’s stock traded hands, compared to its average volume of 65,524. Erste Group Bank has a 1 year low of $29.50 and a 1 year high of $61.05. The firm’s 50-day moving average is $54.30 and its 200 day moving average is $49.49. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $49.46 billion, a P/E ratio of 14.48, a PEG ratio of 0.97 and a beta of 0.86.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Equities research analysts expect that Erste Group Bank will post 4.05 EPS for the current year.

About Erste Group Bank

(Get Free Report)

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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