Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Increases By 1,306.7%

Key Points

• Short Interest Surge: Erste Group Bank AG experienced a staggering increase in short interest by 1,306.7%, rising to 21,100 shares as of September 15th from just 1,500 shares at the end of August.
• Current Stock Performance: The stock price of Erste Group Bank decreased by 0.9% to $48.90 amid a trading volume lower than its average.
• Analyst Ratings: The current consensus rating for Erste Group Bank is a Moderate Buy, with multiple analysts issuing various ratings, including two Strong Buy and two Buy ratings.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 21,100 shares, an increase of 1,306.7% from the August 31st total of 1,500 shares. Based on an average daily volume of 59,800 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 59,800 shares, the short-interest ratio is presently 0.4 days.

Erste Group Bank Trading Down 0.9%

OTCMKTS EBKDY traded down $0.46 on Tuesday, reaching $48.90. The stock had a trading volume of 54,993 shares, compared to its average volume of 71,816. The business has a 50 day moving average price of $48.37 and a 200 day moving average price of $42.02. Erste Group Bank has a 1 year low of $26.15 and a 1 year high of $51.72. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.88 and a beta of 1.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its earnings results on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, analysts anticipate that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cfra Research raised Erste Group Bank to a "hold" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Erste Group Bank in a report on Monday, August 4th. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd. Finally, Zacks Research raised Erste Group Bank to a "hold" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.

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