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

KBC Group SA (OTCMKTS:KBCSY) was the recipient of a significant drop in short interest during 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,855 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KBCSY shares. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Finally, Jefferies Financial Group assumed coverage on KBC Group in a report on Wednesday, September 16th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

KBC Group Stock Performance

Shares of OTCMKTS KBCSY traded down $0.62 during midday trading on Tuesday, reaching $74.32. The company’s stock had a trading volume of 9,620 shares, compared to its average volume of 28,471. The company has a market cap of $62.08 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.96 and a beta of 0.59. The business’s 50 day moving average price is $74.55 and its two-hundred day moving average price is $68.86. KBC Group has a fifty-two week low of $57.34 and a fifty-two week high of $78.02.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results on Thursday, August 6th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. KBC Group had a net margin of 15.58% and a return on equity of 13.42%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sell-side analysts forecast that KBC Group will post 5.85 earnings per share for the current fiscal year.

About KBC Group

KBC Group is a Belgium-based financial services group that combines banking and insurance activities. Through its banking and insurance subsidiaries, the company serves individuals, households, small and medium-sized enterprises, corporate clients and private banking customers.

KBC’s main services include current and savings accounts, consumer and residential lending, business finance, investment and wealth management, payments, and a range of life and non-life insurance products. The group distributes its services through bank branches, insurance agencies and digital channels, including integrated banking and insurance platforms.

The group was created in 1998 through the merger of Kredietbank, CERA Bank and ABB Insurance.