Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Decreases By 42.8%

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 25,861 shares, a drop of 42.8% from the December 31st total of 45,196 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 81,499 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 81,499 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Finally, Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

Shares of OTCMKTS EBKDY traded down $0.45 during trading on Friday, reaching $64.56. 200,308 shares of the stock traded hands, compared to its average volume of 43,920. The company has a 50-day moving average of $59.33 and a 200-day moving average of $52.63. The stock has a market capitalization of $50.14 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. Erste Group Bank has a 52-week low of $29.50 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.19. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%. Analysts forecast that Erste Group Bank will post 4.05 EPS for the current fiscal 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.