KBC Group SA (OTCMKTS:KBCSY) Sees Large Decline in Short Interest

KBC Group SA (OTCMKTS:KBCSY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 857 shares, a drop of 77.2% from the April 30th total of 3,756 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 31,556 shares, the days-to-cover ratio is presently 0.0 days.

KBC Group Stock Performance

OTCMKTS KBCSY traded up $0.40 during trading on Friday, reaching $66.17. 13,901 shares of the company traded hands, compared to its average volume of 18,739. The stock’s 50 day moving average price is $65.17 and its two-hundred day moving average price is $65.49. The company has a market cap of $55.27 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.88 and a beta of 0.60. KBC Group has a 1-year low of $48.19 and a 1-year high of $73.12.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. KBC Group had a net margin of 14.98% and a return on equity of 13.51%. Equities research analysts expect that KBC Group will post 5.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KBCSY shares. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a research note on Tuesday, February 24th. Finally, Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

KBC Group Company Profile

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.