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

by · The Markets Daily

KBC Group NV (OTCMKTS:KBCSY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 7,300 shares, a growth of 265.0% from the September 30th total of 2,000 shares. Based on an average daily trading volume, of 31,000 shares, the short-interest ratio is presently 0.2 days.

KBC Group Price Performance

KBCSY traded up $0.14 on Friday, hitting $36.31. The company had a trading volume of 60,587 shares, compared to its average volume of 20,137. KBC Group has a 52-week low of $26.87 and a 52-week high of $40.32. The stock has a fifty day simple moving average of $38.13 and a 200-day simple moving average of $37.20. The firm has a market capitalization of $30.30 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.52 and a beta of 1.16.

KBC Group (OTCMKTS:KBCSY – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $1.21 earnings per share for the quarter. KBC Group had a net margin of 11.20% and a return on equity of 12.44%. The business had revenue of $3.02 billion during the quarter. Equities research analysts expect that KBC Group will post 4.37 earnings per share for the current fiscal year.

KBC Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a dividend of $0.3313 per share. The ex-dividend date is Wednesday, November 13th. This is an increase from KBC Group’s previous dividend of $0.23. KBC Group’s dividend payout ratio (DPR) is 44.53%.

About KBC Group

(Get Free Report)

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.

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