Short Interest in KBC Group NV (OTCMKTS:KBCSY) Increases By 265.0%

KBC Group NV (OTCMKTS:KBCSY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,300 shares, an increase of 265.0% from the September 30th total of 2,000 shares. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is presently 0.2 days.

KBC Group Stock Up 0.4 %

KBCSY traded up $0.14 during trading hours on Friday, hitting $36.31. The stock had a trading volume of 60,587 shares, compared to its average volume of 20,137. The company’s fifty day simple moving average is $38.13 and its 200 day simple moving average is $37.20. KBC Group has a 1 year low of $26.87 and a 1 year high of $40.32. The stock has a market cap of $30.30 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion during the quarter. KBC Group had a return on equity of 12.44% and a net margin of 11.20%. As a group, equities analysts expect that KBC Group will post 4.37 EPS for the current year.

KBC Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be given a $0.3313 dividend. This is a boost from KBC Group’s previous dividend of $0.23. The ex-dividend date is Wednesday, November 13th. KBC Group’s payout ratio is presently 44.53%.

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.