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

KBC Group NV (OTCMKTS:KBCSY) saw a significant growth in short interest in 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 trading volume of 72,800 shares, the short-interest ratio is currently 0.2 days.

Shares of OTCMKTS:KBCSY opened at $47.42 on Friday. The firm’s 50 day moving average price is $43.60 and its 200 day moving average price is $42.92. The stock has a market cap of $39.54 billion, a price-to-earnings ratio of 13.02 and a beta of 1.43. KBC Group has a fifty-two week low of $33.89 and a fifty-two week high of $49.43.

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

A number of research firms recently commented on KBCSY. Deutsche Bank Aktiengesellschaft raised shares of KBC Group to a “hold” rating in a research note on Wednesday, November 17th. Keefe, Bruyette & Woods lowered shares of KBC Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 26th. Zacks Investment Research lowered shares of KBC Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. Cheuvreux upgraded shares of KBC Group from a “hold” rating to a “buy” rating in a report on Monday, September 27th. Finally, JP Morgan Cazenove lifted their price objective on shares of KBC Group from €79.00 ($89.77) to €85.00 ($96.59) and gave the company an “overweight” rating in a report on Wednesday, October 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.59.

About KBC Group

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.

Further Reading: 52-Week Highs and Lows

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