Short Interest in KBC Group NV (OTCMKTS:KBCSY) Increases By 87.5%

KBC Group NV (OTCMKTS:KBCSY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 33,000 shares, a growth of 87.5% from the February 28th total of 17,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 45,500 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

KBCSY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a report on Friday, March 7th. Barclays raised KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th.

KBC Group Trading Down 2.7 %

Shares of OTCMKTS KBCSY opened at $46.03 on Monday. The company has a fifty day moving average price of $42.83 and a 200 day moving average price of $39.46. KBC Group has a 1-year low of $33.98 and a 1-year high of $47.89. The firm has a market cap of $38.44 billion, a PE ratio of 10.23, a PEG ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.96 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. Equities research analysts forecast that KBC Group will post 4.28 EPS for the current year.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.