Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Decrease in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,900 shares, a decrease of 68.9% from the August 15th total of 25,400 shares. Based on an average daily trading volume, of 72,200 shares, the short-interest ratio is presently 0.1 days.

Erste Group Bank Trading Up 2.2 %

EBKDY traded up $0.56 on Thursday, reaching $26.56. The stock had a trading volume of 15,531 shares, compared to its average volume of 43,073. The firm has a 50-day moving average of $25.94 and a 200-day moving average of $24.13. Erste Group Bank has a fifty-two week low of $16.58 and a fifty-two week high of $27.68. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Friday, August 2nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter. Erste Group Bank had a return on equity of 10.95% and a net margin of 14.79%. The company had revenue of $2.86 billion during the quarter. Sell-side analysts anticipate that Erste Group Bank will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded Erste Group Bank to a “hold” rating in a research note on Thursday, June 13th.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.