Short Interest in KBC Group NV (OTCMKTS:KBCSY) Rises By 77.3%

KBC Group NV (OTCMKTS:KBCSY) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 58,500 shares, a growth of 77.3% from the March 15th total of 33,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is currently 1.0 days.

KBC Group Stock Up 0.7 %

Shares of OTCMKTS KBCSY opened at $45.28 on Friday. KBC Group has a 12 month low of $33.98 and a 12 month high of $47.89. The company has a market cap of $37.81 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.75 and a beta of 0.85. The business has a fifty day simple moving average of $44.48 and a 200-day simple moving average of $39.97.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $2.96 billion. As a group, sell-side analysts expect that KBC Group will post 4.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research note on Friday, March 7th. Barclays upgraded shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th.

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.