Erste Group Bank AG (OTCMKTS:EBKDY) Sees Large Increase in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 15,800 shares, an increase of 73.6% from the October 31st total of 9,100 shares. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.2 days.

Erste Group Bank Stock Up 2.3 %

OTCMKTS EBKDY traded up $0.62 on Friday, reaching $27.35. The stock had a trading volume of 17,282 shares, compared to its average volume of 39,903. The firm has a market capitalization of $23.02 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.82 and a beta of 1.32. Erste Group Bank has a 12-month low of $19.47 and a 12-month high of $29.34. The stock has a fifty day moving average price of $27.25 and a two-hundred day moving average price of $26.00.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. The business had revenue of $3.02 billion during the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 11.11%. Sell-side analysts forecast that Erste Group Bank will post 4.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.