Short Interest in KBC Group SA (OTCMKTS:KBCSY) Drops By 31.7%

KBC Group SA (OTCMKTS:KBCSY) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 834 shares, a decrease of 31.7% from the June 30th total of 1,221 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 51,272 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, July 20th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

KBC Group Price Performance

OTCMKTS KBCSY opened at $71.13 on Friday. The company has a market cap of $59.42 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.88 and a beta of 0.60. KBC Group has a 12 month low of $51.87 and a 12 month high of $73.12. The company has a 50-day moving average of $67.50 and a 200-day moving average of $66.78.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. As a group, equities research analysts anticipate that KBC Group will post 5.76 EPS for the current year.

About KBC Group

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.