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

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

Wall Street Analyst Weigh In

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

KBC Group Trading Down 2.7 %

OTCMKTS:KBCSY opened at $46.03 on Friday. The stock has a 50 day simple moving average of $42.83 and a 200 day simple moving average of $39.42. KBC Group has a 1-year low of $33.98 and a 1-year high of $47.89. The stock has a market cap of $38.44 billion, a P/E ratio of 10.23, a PEG ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY) last announced its earnings results 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 net margin of 13.32% and a return on equity of 14.40%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $2.96 billion. As a group, sell-side 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.