KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 31.2% in April

KBC Group SA (OTCMKTS:KBCSY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,705 shares, a drop of 31.2% from the March 31st total of 5,386 shares. Based on an average trading volume of 55,285 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts recently issued reports on KBCSY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

KBC Group Trading Down 0.7%

Shares of OTCMKTS:KBCSY traded down $0.49 during mid-day trading on Wednesday, hitting $65.90. 17,152 shares of the company traded hands, compared to its average volume of 31,456. The stock has a market cap of $55.04 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.89 and a beta of 0.59. KBC Group has a 12-month low of $45.19 and a 12-month high of $73.12. The stock has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $64.56.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $3.73 billion for 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%. As a group, analysts expect that KBC Group will post 5.89 earnings per share for the current year.

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.