Short Interest in KBC Group SA (OTCMKTS:KBCSY) Drops By 59.4%

KBC Group SA (OTCMKTS:KBCSY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 676 shares, a decline of 59.4% from the January 29th total of 1,666 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 47,545 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 47,545 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

KBC Group Stock Performance

OTCMKTS:KBCSY traded down $0.88 on Friday, hitting $67.11. The stock had a trading volume of 11,685 shares, compared to its average volume of 20,189. KBC Group has a 1 year low of $38.90 and a 1 year high of $73.12. The firm’s fifty day simple moving average is $68.23 and its two-hundred day simple moving average is $63.00. The stock has a market cap of $56.06 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.00 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. KBC Group had a return on equity of 13.89% and a net margin of 15.70%. Equities research analysts predict that KBC Group will post 4.28 EPS for the current year.

Wall Street Analyst Weigh In

KBCSY has been the topic of several recent analyst reports. Barclays lowered KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Zacks Research upgraded shares of KBC Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a report on Tuesday. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.