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

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 20,990 shares, an increase of 769.5% from the April 15th total of 2,414 shares. Based on an average daily volume of 79,611 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

EBKDY has been the topic of several research analyst reports. Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Finally, Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Erste Group Bank Trading Down 0.9%

EBKDY stock traded down $0.49 during trading on Wednesday, reaching $56.68. 10,537 shares of the stock were exchanged, compared to its average volume of 94,285. The business has a 50 day moving average price of $56.65 and a 200-day moving average price of $57.60. Erste Group Bank has a 1 year low of $39.61 and a 1 year high of $66.88. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.58 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. On average, research analysts anticipate that Erste Group Bank will post 5.85 EPS for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.