KBC Group SA (OTCMKTS:KBCSY) Short Interest Update

Key Points

• Short interest surged 315.6% to 3,466 shares as of July 31, up from 834 shares two weeks earlier. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• KBC Group reported quarterly EPS of $1.64, beating estimates of $1.59, while revenue reached $3.96 billion versus the $3.83 billion consensus forecast.
• The stock opened at $74.58, near its 52-week high of $74.79. Analysts maintain a consensus “Hold” rating, with one Buy, four Hold, and one Sell recommendation.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,466 shares, a growth of 315.6% from the July 15th total of 834 shares. Based on an average trading volume of 23,361 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

KBC Group Price Performance

OTCMKTS KBCSY opened at $74.58 on Thursday. KBC Group has a 1 year low of $56.86 and a 1 year high of $74.79. The stock has a market capitalization of $62.30 billion, a PE ratio of 14.18, a P/E/G ratio of 0.94 and a beta of 0.59. The company's 50 day simple moving average is $68.86 and its two-hundred day simple moving average is $67.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.05. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. On average, research analysts anticipate that KBC Group will post 5.79 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on KBCSY shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of KBC Group in a research note on Monday. Citigroup restated a "neutral" rating on shares of KBC Group in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

KBC Group Company Profile

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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