Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Decrease in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 16,300 shares, a decline of 9.4% from the July 15th total of 18,000 shares. Based on an average daily trading volume, of 47,000 shares, the days-to-cover ratio is currently 0.3 days.

Erste Group Bank Price Performance

Shares of EBKDY opened at $26.63 on Tuesday. The firm has a market capitalization of $22.42 billion, a PE ratio of 6.72, a PEG ratio of 0.81 and a beta of 1.34. The company’s 50-day moving average is $24.87 and its 200-day moving average is $23.47. Erste Group Bank has a fifty-two week low of $16.58 and a fifty-two week high of $26.67.

Erste Group Bank (OTCMKTS:EBKDY) last announced its earnings results on Friday, August 2nd. The financial services provider reported $1.01 earnings per share for the quarter. The company had revenue of $2.86 billion for the quarter. Erste Group Bank had a return on equity of 11.67% and a net margin of 14.34%. Analysts predict that Erste Group Bank will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, BNP Paribas raised Erste Group Bank to a “hold” rating in a report on Thursday, June 13th.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.