KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 59.3% in January

KBC Group SA (OTCMKTS:KBCSY) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 348 shares, a drop of 59.3% from the December 31st total of 856 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 41,137 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 41,137 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KBCSY shares. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a report on Friday, November 14th. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

KBC Group Stock Up 0.1%

Shares of OTCMKTS KBCSY traded up $0.04 during midday trading on Thursday, reaching $70.74. 9,971 shares of the company’s stock traded hands, compared to its average volume of 18,972. The company has a market cap of $59.09 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.08 and a beta of 0.54. The stock’s 50 day simple moving average is $65.14 and its 200-day simple moving average is $60.60. KBC Group has a one year low of $37.25 and a one year high of $71.78.

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Thursday, November 13th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.54 billion. KBC Group had a return on equity of 13.96% and a net margin of 15.91%. Equities analysts predict that KBC Group will post 4.28 EPS for the current fiscal year.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.