KBC Group NV (OTCMKTS:KBCSY) sees significant growth in short-term interest

KBC Group NV (OTCMKTS:KBCSY) recorded significant growth in short-term interest in December. As of December 31, there were short interests totaling 12,400 shares, a growth of 148.0% from the total of 5,000 shares as of December 15. Based on an average trading volume of 72,800 shares, the short-term interest rate ratio is currently 0.2 days.

Shares of OTCMKTS:KBCSY opened at $47.42 on Friday. The company’s 50-day moving average price is $43.60 and its 200-day moving average price is $42.92. The stock has a market capitalization of $39.54 billion, a price-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 company also recently disclosed a dividend, which was paid on Thursday, December 2. Shareholders of record on Tuesday, November 16 received a dividend of $2.0145 per share. The ex-dividend date was Monday, November 15. This represents a yield of 4.12%. KBC Group’s payout ratio is currently 61.98%.

A number of research companies have recently commented on KBCSY. Deutsche Bank Aktiengesellschaft upgraded KBC Group shares to a “hold” rating in a Wednesday, November 17 research note. Keefe, Bruyette & Woods downgraded KBC Group shares from an “outperforming” rating to a “market performing” rating in a Tuesday, October 26 report. Zacks Investment Research downgraded KBC Group shares from a “buy” to a “hold” rating in a report on Wednesday, January 5. Cheuvreux upgraded KBC Group shares from a “hold” to a “buy” rating in a Monday, September 27 report. Finally, JP Morgan Cazenove raised its price target on KBC Group shares from €79.00 ($89.77) to €85.00 ($96.59) and gave the company an “overweight” rating. in a report on Wednesday, October 6. Two investment analysts have assigned a sell rating to the stock, eleven have assigned a hold rating and three have assigned 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.

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About KBC Group

KBC Group NV undertakes to provide integrated bancassurance. It operates through the following segments: Belgium Business; business in the Czech Republic; and the International Markets Business Unit. The Belgium Business segment is engaged in the retail insurance and private banking business in Belgium. The Czech Republic Business segment includes all of KBC’s activities in the Czech Republic.

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