Erste Group Bank AG (OTCMKTS:EBKDY) Stock Short Interest Jumps 405.9%

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,931 shares, an increase of 405.9% from the September 30th total of 1,370 shares. Based on an average daily trading volume, of 121,033 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EBKDY shares. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Erste Group Bank Stock Performance

Shares of EBKDY opened at $60.12 on Wednesday. The business’s 50 day moving average price is $67.13 and its two-hundred day moving average price is $62.75. The firm has a market cap of $46.70 billion, a PE ratio of 11.52 and a beta of 0.92. Erste Group Bank has a 52-week low of $48.50 and a 52-week high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. Research analysts predict that Erste Group Bank will post 5.89 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.