KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 79.7% in June

KBC Group SA (OTCMKTS:KBCSY) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,760 shares, a decline of 79.7% from the May 31st total of 8,674 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 37,430 shares, the short-interest ratio is presently 0.0 days.

KBC Group Stock Down 0.4%

Shares of KBCSY stock traded down $0.28 during trading hours on Friday, hitting $66.30. 13,718 shares of the company’s stock were exchanged, compared to its average volume of 45,267. The firm has a 50 day moving average of $66.39 and a two-hundred day moving average of $66.16. KBC Group has a fifty-two week low of $50.64 and a fifty-two week high of $73.12. The firm has a market cap of $55.38 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.91 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. On average, equities analysts forecast that KBC Group will post 5.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

KBCSY has been the subject of several analyst reports. Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Friday, May 15th. Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, KBC Group 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.