KBC Group NV (OTCMKTS:KBCSY) Sees Large Increase in Short Interest

KBC Group NV (OTCMKTS:KBCSY) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 12,700 shares, an increase of 144.2% from the October 31st total of 5,200 shares. Based on an average trading volume of 62,400 shares, the days-to-cover ratio is presently 0.2 days.

KBC Group Stock Performance

Shares of KBCSY traded down $0.03 during mid-day trading on Thursday, hitting $35.57. 28,436 shares of the company traded hands, compared to its average volume of 29,907. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.36 and a beta of 1.17. The stock has a 50-day moving average price of $37.45 and a two-hundred day moving average price of $37.10. KBC Group has a 1 year low of $28.49 and a 1 year high of $40.32.

KBC Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th will be paid a $0.3313 dividend. This is an increase from KBC Group’s previous dividend of $0.23. The ex-dividend date of this dividend is Wednesday, November 13th. KBC Group’s dividend payout ratio (DPR) is 16.20%.

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.