Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 91.7% in July

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 826 shares, a decline of 91.7% from the June 30th total of 9,998 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 118,266 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

EBKDY has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Erste Group Bank presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

EBKDY stock opened at $65.44 on Friday. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.64 and a beta of 0.84. Erste Group Bank has a fifty-two week low of $45.19 and a fifty-two week high of $68.28. The stock has a fifty day moving average of $63.04 and a 200-day moving average of $60.50.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. Equities analysts predict that Erste Group Bank will post 5.85 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.