KBC Group SA (OTCMKTS:KBCSY) Sees Significant Decrease in Short Interest

KBC Group SA (OTCMKTS:KBCSYGet Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,760 shares, a decline of 79.7% from the May 31st total of 8,674 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 37,430 shares, the days-to-cover ratio is presently 0.0 days.

KBC Group Trading Down 0.4%

Shares of OTCMKTS KBCSY traded down $0.28 during mid-day trading on Friday, reaching $66.30. The company had a trading volume of 13,718 shares, compared to its average volume of 45,267. KBC Group has a 52-week low of $50.64 and a 52-week high of $73.12. The stock has a market cap of $55.38 billion, a P/E ratio of 13.15, a PEG ratio of 0.91 and a beta of 0.59. The firm has a 50 day simple moving average of $66.39 and a two-hundred day simple moving average of $66.16.

KBC Group (OTCMKTS:KBCSYGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. On average, equities analysts expect that KBC Group will post 5.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KBCSY shares. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Friday, May 15th. One investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on KBCSY

About KBC Group

(Get Free Report)

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.

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