KBC Group NV (OTCMKTS:KBCSY) Short Interest Update

KBC Group NV (OTCMKTS:KBCSY) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 58,500 shares, a growth of 77.3% from the March 15th total of 33,000 shares. Based on an average daily trading volume, of 56,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KBCSY. Barclays upgraded shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Friday, March 7th.

KBC Group Price Performance

Shares of KBCSY opened at $44.96 on Thursday. The business has a 50-day moving average of $44.25 and a 200-day moving average of $39.89. The company has a market capitalization of $37.55 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. KBC Group has a 1 year low of $33.98 and a 1 year high of $47.89.

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

About KBC Group

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.