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

KBC Group NV (OTCMKTS:KBCSY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 12,400 shares, a growth of 148.0% from the December 15th total of 5,000 shares. Based on an average daily trading volume, of 72,800 shares, the days-to-cover ratio is currently 0.2 days.

Several equities analysts recently commented on the company. UBS Group raised their target price on KBC Group from €60.00 ($68.18) to €65.00 ($73.86) and gave the stock a “sell” rating in a research report on Wednesday, October 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a €84.00 ($95.45) price objective (down from €85.00 ($96.59)) on shares of KBC Group in a research note on Monday, December 6th. Zacks Investment Research cut KBC Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th. Cheuvreux raised KBC Group from a “hold” rating to a “buy” rating in a research note on Monday, September 27th. Finally, Credit Suisse Group lifted their price objective on KBC Group from €70.00 ($79.55) to €74.00 ($84.09) and gave the stock a “neutral” rating in a research note on Wednesday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, KBC Group has a consensus rating of “Hold” and a consensus target price of $70.59.

Shares of KBCSY opened at $47.42 on Friday. The company has a market cap of $39.54 billion, a PE ratio of 13.02 and a beta of 1.43. KBC Group has a one year low of $33.89 and a one year high of $49.43. The stock has a 50-day moving average of $43.60 and a 200-day moving average of $42.92.

The company also recently declared a dividend, which was paid on Thursday, December 2nd. Stockholders of record on Tuesday, November 16th were given a dividend of $2.0145 per share. The ex-dividend date of this dividend was Monday, November 15th. This represents a dividend yield of 4.12%. KBC Group’s dividend payout ratio (DPR) is currently 61.98%.

KBC Group Company Profile

KBC Group NV engages in the provision of integrated bank-insurances. It operates through the following segments: Belgium Business; Czech Republic Business; and International Markets Business Unit. The Belgium Business segment engages in the retail and private banc assurance activities in Belgium. The Czech Republic Business segment comprises all KBC’s activities in the Czech Republic.

Read More: How Do Tariffs Affect Trade Balances?

Receive News & Ratings for KBC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBC Group and related companies with MarketBeat.com's FREE daily email newsletter.