KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

Key Points

• KBC Group SA experienced a significant increase in short interest, rising by 64.5% in September to a total of 15,300 shares.
• The company's stock traded down 1.0% to $59.43, with a market capitalization of $49.63 billion.
• KBC Group's latest earnings report showed an EPS of $1.42, exceeding analyst estimates by $0.02, and the company is projected to have EPS of 4.28 for the current year.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 15,300 shares, a growth of 64.5% from the August 31st total of 9,300 shares. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.4 days.

KBC Group Trading Down 1.0%

KBCSY traded down $0.59 during trading on Monday, reaching $59.43. 9,526 shares of the company's stock were exchanged, compared to its average volume of 34,939. The stock has a market capitalization of $49.63 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. KBC Group has a one year low of $35.43 and a one year high of $61.62. The firm has a fifty day moving average price of $58.30 and a two-hundred day moving average price of $51.69.

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

Analyst Upgrades and Downgrades

KBCSY has been the subject of several analyst reports. Barclays cut shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 15th. Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a research note on Tuesday, September 2nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of KBC Group in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of KBC Group in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

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.

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