Short Interest in KBC Group NV (OTCMKTS:KBCSY) Drops By 29.6%

KBC Group NV (OTCMKTS:KBCSY - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 41,200 shares, a decline of 29.6% from the March 31st total of 58,500 shares. Based on an average daily trading volume, of 99,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company's shares are sold short.

KBC Group Stock Up 1.0 %

KBCSY traded up $0.46 during trading on Wednesday, reaching $47.74. 18,171 shares of the stock traded hands, compared to its average volume of 39,728. The stock has a market capitalization of $39.87 billion, a PE ratio of 10.61, a P/E/G ratio of 1.75 and a beta of 0.85. The stock's 50-day moving average is $45.01 and its 200 day moving average is $40.39. KBC Group has a 12 month low of $33.98 and a 12 month high of $47.98.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $2.96 billion. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. As a group, equities research analysts anticipate that KBC Group will post 4.28 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada reissued a "sector perform" rating on shares of KBC Group in a report on Wednesday, April 23rd. Barclays upgraded KBC Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a report on Friday, March 7th.

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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