KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 48.4% in September

Key Points

• KBC Group SA experienced a significant decrease in short interest, dropping 48.4% in September from 15,300 shares to 7,900 shares as of September 30th.
• The company reported $1.42 earnings per share for the last quarter, slightly surpassing the consensus estimate of $1.40.
• Analyst ratings for KBC Group show a consensus of "Hold", with one Buy rating and five Hold ratings from various firms.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 7,900 shares, a decline of 48.4% from the September 15th total of 15,300 shares. Based on an average daily trading volume, of 59,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 59,600 shares, the days-to-cover ratio is currently 0.1 days.

KBC Group Trading Down 1.8%

Shares of OTCMKTS KBCSY opened at $58.01 on Monday. The stock has a market capitalization of $48.44 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.30 and a beta of 0.80. KBC Group has a 12-month low of $35.43 and a 12-month high of $61.62. The firm's 50-day moving average price is $59.18 and its 200-day moving average price is $52.52.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.18% and a net margin of 15.04%. On average, equities analysts predict that KBC Group will post 4.28 EPS for the current fiscal year.

Analyst Ratings Changes

KBCSY has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of KBC Group in a report on Friday, August 8th. Barclays downgraded KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 15th. Citigroup reissued a "neutral" rating on shares of KBC Group in a report on Wednesday, October 8th. Zacks Research lowered KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 10th. Finally, Morgan Stanley reissued an "overweight" rating on shares of KBC Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, KBC Group has a consensus rating of "Hold".

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.

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