Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Expands By 769.5%

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 20,990 shares, a growth of 769.5% from the April 15th total of 2,414 shares. Based on an average daily trading volume, of 79,611 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Erste Group Bank Stock Down 0.8%

Shares of Erste Group Bank stock opened at $56.73 on Thursday. The stock has a market cap of $44.06 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.57 and a beta of 0.84. The business’s 50 day moving average is $56.63 and its 200-day moving average is $57.66. Erste Group Bank has a 12-month low of $39.61 and a 12-month high of $66.88.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. On average, sell-side analysts expect that Erste Group Bank will post 5.85 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on EBKDY. Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Finally, Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.