KBC Group SA (OTCMKTS:KBCSY) Stock Short Interest Declines 64.1%

KBC Group SA (OTCMKTS:KBCSY – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,445 shares, a drop of 64.1% from the August 31st total of 9,605 shares. Based on an average daily volume of 27,855 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

KBC Group Trading Up 1.9%

Shares of OTCMKTS KBCSY traded up $1.43 during mid-day trading on Friday, reaching $75.93. The company had a trading volume of 8,433 shares, compared to its average volume of 13,247. The firm has a 50 day simple moving average of $74.40 and a two-hundred day simple moving average of $68.75. KBC Group has a 52-week low of $57.34 and a 52-week high of $78.02. The stock has a market cap of $63.43 billion, a P/E ratio of 14.44, a PEG ratio of 0.96 and a beta of 0.59.

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KBC Group (OTCMKTS:KBCSY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.42%. On average, equities analysts expect that KBC Group will post 5.85 EPS for the current year.

Analyst Ratings Changes

KBCSY has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on shares of KBC Group in a research note on Wednesday, September 16th. They set a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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About KBC Group

(Get Free Report)

KBC Group NV is a Belgium-based financial group that provides banking and insurance services to individuals, businesses and institutional clients. Through its banking operations, the company offers deposit accounts, consumer and mortgage lending, payment services, investment products, wealth management, leasing and corporate finance. Its insurance activities include life and non-life insurance, including coverage for property, automobiles, health and other personal and commercial risks.

KBC primarily serves customers in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.

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