KBC Group NV (OTCMKTS:KBCSY) Sees Large Growth in Short Interest

KBC Group NV (OTCMKTS:KBCSY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 33,000 shares, an increase of 87.5% from the February 28th total of 17,600 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KBCSY. Barclays upgraded KBC Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 17th. Morgan Stanley reissued an "overweight" rating on shares of KBC Group in a research report on Friday, March 7th.

KBC Group Stock Performance

Shares of KBC Group stock traded down $0.18 on Monday, reaching $45.73. The company had a trading volume of 22,538 shares, compared to its average volume of 39,431. The firm has a market cap of $38.19 billion, a PE ratio of 10.16, a PEG ratio of 1.75 and a beta of 1.10. The firm's 50 day moving average price is $42.83 and its two-hundred day moving average price is $39.46. KBC Group has a 52-week low of $33.98 and a 52-week high of $47.89.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.21. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, sell-side analysts predict that KBC Group will post 4.28 EPS for the current year.

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About KBC Group

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.