KBC Group NV (OTCMKTS:KBCSY) Short Interest Up 265.0% in October

KBC Group NV (OTCMKTS:KBCSY) was the target of a large increase in short interest in 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 trading volume, of 31,000 shares, the days-to-cover ratio is currently 0.2 days.

KBC Group Stock Performance

KBCSY stock traded up $0.14 on Friday, reaching $36.31. The company’s stock had a trading volume of 60,587 shares, compared to its average volume of 20,137. The firm has a market cap of $30.30 billion, a PE ratio of 9.46, a PEG ratio of 1.52 and a beta of 1.16. The business has a fifty day simple moving average of $38.13 and a two-hundred day simple moving average of $37.20. KBC Group has a 12-month low of $26.87 and a 12-month high of $40.32.

KBC Group (OTCMKTS:KBCSY) 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 firm had revenue of $3.02 billion for the quarter. As a group, research analysts anticipate that KBC Group will post 4.37 earnings per share for the current fiscal year.

KBC Group Increases Dividend

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

About KBC Group

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.