Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 91.1% in August

Key Points

• Erste Group Bank AG experienced a significant 91.1% drop in short interest in August, with only 1,500 shares sold short as of August 31st.
• The bank reported $1.20 earnings per share for the last quarter, surpassing analysts' expectations of $1.05 by $0.15, along with revenues of $3.26 billion.
• Analyst ratings for Erste Group Bank include a mix of "Buy," "Strong Buy," and "Hold", reflecting positive sentiment towards the stock's performance.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,500 shares, a drop of 91.1% from the August 15th total of 16,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 357,300 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 357,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Erste Group Bank Stock Performance

Shares of OTCMKTS:EBKDY traded down $0.07 during midday trading on Thursday, reaching $48.75. 28,944 shares of the company's stock were exchanged, compared to its average volume of 74,676. The company's 50 day simple moving average is $46.89 and its two-hundred day simple moving average is $40.73. The firm has a market capitalization of $40.03 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. Erste Group Bank has a 12 month low of $26.09 and a 12 month high of $51.72.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its earnings results on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.15. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.18 billion. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.08%. On average, research analysts anticipate that Erste Group Bank will post 4.05 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on EBKDY shares. Cfra Research upgraded Erste Group Bank to a "hold" rating in a research note on Tuesday, August 5th. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd. UBS Group raised shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a report on Monday, August 4th. Finally, Zacks Research raised shares of Erste Group Bank to a "hold" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.

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