KBC Group NV (OTCMKTS:KBCSY) Sees Large Growth in Short Interest

KBC Group NV (OTCMKTS:KBCSY - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 58,500 shares, an increase of 77.3% from the March 15th total of 33,000 shares. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the company's stock are short sold.

KBC Group Trading Down 1.8 %

Shares of OTCMKTS:KBCSY traded down $0.80 on Monday, hitting $44.48. 22,746 shares of the company were exchanged, compared to its average volume of 41,171. The stock's 50 day moving average price is $44.54 and its 200 day moving average price is $40.03. KBC Group has a 1-year low of $33.98 and a 1-year high of $47.89. The firm has a market capitalization of $37.14 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.21. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, equities analysts predict that KBC Group will post 4.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a research report on Friday, March 7th. Barclays upgraded KBC Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 17th.

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.