KBC Group NV (OTCMKTS:KBCSY) Short Interest Down 27.6% in August

KBC Group NV (OTCMKTS:KBCSY) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,100 shares, a decline of 27.6% from the August 15th total of 2,900 shares. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of KBC Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th.

KBC Group Price Performance

KBC Group stock remained flat at $31.66 during mid-day trading on Monday. 57,400 shares of the company were exchanged, compared to its average volume of 34,747. KBC Group has a 52 week low of $22.72 and a 52 week high of $38.54. The firm has a market cap of $26.42 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The company’s 50 day moving average price is $34.88 and its 200-day moving average price is $34.47.

KBC Group Company Profile

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.