Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Growth in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 31,390 shares, an increase of 36.1% from the November 30th total of 23,062 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 160,003 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 160,003 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Erste Group Bank Stock Down 0.2%

OTCMKTS:EBKDY opened at $59.56 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The company’s fifty day moving average price is $54.06 and its 200-day moving average price is $49.35. Erste Group Bank has a 1-year low of $29.50 and a 1-year high of $61.05. The firm has a market capitalization of $48.90 billion, a P/E ratio of 14.32, a PEG ratio of 0.97 and a beta of 0.86.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.30 billion. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. As a group, equities research analysts anticipate that Erste Group Bank will post 4.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on EBKDY. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.