KBC Group SA (OTCMKTS:KBCSY) Stock Short Interest Declines 64.1%

KBC Group SA (OTCMKTS:KBCSY) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,445 shares, a drop of 64.1% from the August 31st total of 9,605 shares. Based on an average trading volume of 27,855 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

KBC Group Stock Performance

KBCSY traded up $1.43 during trading on Friday, reaching $75.93. 8,433 shares of the company traded hands, compared to its average volume of 13,247. The company has a market cap of $63.43 billion, a P/E ratio of 14.44, a PEG ratio of 0.96 and a beta of 0.59. The firm has a fifty day simple moving average of $74.40 and a 200 day simple moving average of $68.75. KBC Group has a 12-month low of $57.34 and a 12-month high of $78.02.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The business 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 13.42%. As a group, sell-side analysts expect that KBC Group will post 5.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KBCSY has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on shares of KBC Group in a research note on Wednesday, September 16th. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

KBC Group Company Profile

KBC Group NV is a Belgium-based financial group that provides banking and insurance services to individuals, businesses and institutional clients. Through its banking operations, the company offers deposit accounts, consumer and mortgage lending, payment services, investment products, wealth management, leasing and corporate finance. Its insurance activities include life and non-life insurance, including coverage for property, automobiles, health and other personal and commercial risks.

KBC primarily serves customers in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.