KBC Group SA (OTCMKTS:KBCSY) Short Interest Down 31.7% in July

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

KBC Group Stock Up 1.1%

Shares of KBCSY stock opened at $71.93 on Friday. The stock has a market cap of $60.09 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60. The business has a 50-day simple moving average of $67.63 and a 200-day simple moving average of $66.81. KBC Group has a 52-week low of $51.87 and a 52-week high of $73.12.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on KBCSY. Citigroup restated a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada reiterated 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

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.