KBC Group SA (OTCMKTS:KBCSY) Sees Significant Drop in Short Interest

KBC Group SA (OTCMKTS:KBCSY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 834 shares, a decline of 31.7% from the June 30th total of 1,221 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 51,272 shares, the days-to-cover ratio is presently 0.0 days.

KBC Group Price Performance

Shares of OTCMKTS:KBCSY traded up $0.80 during trading on Friday, reaching $71.93. The company had a trading volume of 16,570 shares, compared to its average volume of 13,401. The firm has a market capitalization of $60.09 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. KBC Group has a fifty-two week low of $51.87 and a fifty-two week high of $73.12. The stock’s fifty day moving average price is $67.63 and its 200 day moving average price is $66.81.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. On average, equities analysts anticipate that KBC Group will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBCSY shares. Citigroup restated a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, KBC Group has an average 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.