KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

Key Points

• KBC Group SA experienced a significant increase in short interest, rising by 56.2% from June to July, totaling 11,400 shares by July 15th.
• Analysts have mixed views on the stock, with Royal Bank of Canada holding a "sector perform" rating while Barclays downgraded it from "strong-buy" to "hold."
• The company's recent earnings report showed an EPS of $0.69, exceeding expectations, though revenue fell short at $2.39 billion compared to a consensus estimate of $3.03 billion.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 11,400 shares, agrowthof56.2% from the June 30th total of 7,300 shares. Based on an average trading volume of 61,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 61,100 shares, the days-to-cover ratio is currently 0.2 days.

KBC Group Trading Up 2.2%

Shares of KBCSY traded up $1.29 during mid-day trading on Monday, hitting $58.89. 10,119 shares of the company's stock were exchanged, compared to its average volume of 37,098. The firm has a market capitalization of $49.17 billion, a P/E ratio of 12.37, a P/E/G ratio of 2.16 and a beta of 0.82. KBC Group has a fifty-two week low of $35.43 and a fifty-two week high of $58.96. The business's 50 day moving average is $51.38 and its two-hundred day moving average is $47.01.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. KBC Group had a net margin of 15.04% and a return on equity of 14.85%. On average, equities research analysts forecast that KBC Group will post 4.28 earnings per share for the current year.

Analysts Set New Price Targets

KBCSY has been the subject of a number of research analyst reports. Morgan Stanley restated an "overweight" rating on shares of KBC Group in a research note on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating on shares of KBC Group in a report on Friday. Finally, Barclays cut KBC Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 15th.

About KBC Group

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.