Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 31.6% in November

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 10,800 shares, a decline of 31.6% from the November 15th total of 15,800 shares. Based on an average daily trading volume, of 57,900 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Erste Group Bank Stock Up 2.6 %

Shares of OTCMKTS EBKDY traded up $0.76 during mid-day trading on Friday, hitting $30.10. 25,210 shares of the company traded hands, compared to its average volume of 43,352. The business has a 50 day moving average of $27.59 and a two-hundred day moving average of $26.22. The stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.89 and a beta of 1.29. Erste Group Bank has a 1 year low of $19.47 and a 1 year high of $30.26.

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

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.