Short Interest in KBC Group SA (OTCMKTS:KBCSY) Declines By 79.6%
by Jessica Moore · The Cerbat GemKBC Group SA (OTCMKTS:KBCSY – Get Free Report) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 6,218 shares, a decrease of 79.6% from the November 30th total of 30,519 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,078 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 36,078 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
KBC Group Stock Performance
Shares of OTCMKTS KBCSY traded down $0.22 during trading hours on Friday, hitting $65.55. The company’s stock had a trading volume of 9,981 shares, compared to its average volume of 31,689. The business has a 50-day simple moving average of $61.76 and a 200-day simple moving average of $57.71. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.33 and a beta of 0.54. KBC Group has a 12 month low of $36.52 and a 12 month high of $66.37.
KBC Group (OTCMKTS:KBCSY – Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.54 billion. On average, equities research analysts forecast that KBC Group will post 4.28 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KBCSY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Monday, November 24th. Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Morgan Stanley reiterated an “overweight” rating on shares of KBC Group in a report on Friday, November 14th. Finally, Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, KBC Group has a consensus rating of “Hold”.
Read Our Latest Analysis on KBCSY
About KBC Group
KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.
The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.