Short Interest in KBC Group NV (OTCMKTS:KBCSY) Rises By 109.5%

by · The Cerbat Gem

KBC Group NV (OTCMKTS:KBCSY – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 17,600 shares, an increase of 109.5% from the February 13th total of 8,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 44,500 shares, the short-interest ratio is presently 0.4 days.

KBC Group Price Performance

KBC Group stock traded down $0.91 during mid-day trading on Friday, reaching $45.35. 19,707 shares of the stock traded hands, compared to its average volume of 42,456. The stock has a market capitalization of $37.87 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The business’s 50-day moving average is $40.88 and its 200-day moving average is $38.75. KBC Group has a 12-month low of $33.98 and a 12-month high of $47.47.

KBC Group (OTCMKTS:KBCSY – Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.21. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.96 billion. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. Equities analysts anticipate that KBC Group will post 4.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KBCSY shares. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research note on Friday, March 7th. Barclays raised KBC Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th.

Read Our Latest Stock Analysis on KBC Group

KBC Group Company Profile

(Get Free Report)

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.

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