Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 31,390 shares, an increase of 36.1% from the November 30th total of 23,062 shares. Based on an average daily volume of 160,003 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 160,003 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on EBKDY shares. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Finally, Oddo Bhf downgraded 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 issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Down 0.7%

Shares of OTCMKTS:EBKDY traded down $0.40 during mid-day trading on Thursday, hitting $60.06. The stock had a trading volume of 19,772 shares, compared to its average volume of 43,413. The company’s 50 day moving average is $54.54 and its 200-day moving average is $49.56. Erste Group Bank has a 12-month low of $29.50 and a 12-month high of $61.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $49.31 billion, a PE ratio of 14.44, a P/E/G ratio of 0.98 and a beta of 0.86.

Erste Group Bank (OTCMKTS:EBKDY) last released its 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 company 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%. On average, sell-side analysts predict that Erste Group Bank will post 4.05 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.