KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

Key Points

• Short interest plunged 31.2% to 3,705 shares as of April 15, equivalent to effectively negligible shorted stock and a short-interest ratio of just 0.1 days based on average daily volume.
• KBC beat expectations for the most recent quarter with EPS of $1.42 (vs. $1.40 est.) and revenue of $3.73 billion, and analysts forecast about 5.89 EPS for the current fiscal year.
• The stock trades with a market cap of $55.24 billion and a P/E of 13.33, and Wall Street consensus is a Hold (1 Buy, 4 Hold, 1 Sell).

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,705 shares, a drop of 31.2% from the March 31st total of 5,386 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 55,285 shares, the short-interest ratio is currently 0.1 days.

KBC Group Price Performance

Shares of OTCMKTS KBCSY opened at $66.13 on Tuesday. The stock has a market capitalization of $55.24 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.89 and a beta of 0.59. KBC Group has a 1-year low of $45.19 and a 1-year high of $73.12. The business has a fifty day moving average price of $64.87 and a 200 day moving average price of $64.50.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. KBC Group had a return on equity of 13.89% and a net margin of 15.70%.The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.64 billion. As a group, equities research analysts anticipate that KBC Group will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KBCSY shares. Citigroup reissued a "neutral" rating on shares of KBC Group in a research report on Monday, February 23rd. Zacks Research cut KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of KBC Group in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group's banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.

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