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

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

Analysts Set New Price Targets

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 %

EBKDY traded up $0.76 during midday trading on Friday, hitting $30.10. 25,210 shares of the company were exchanged, compared to its average volume of 43,352. The firm’s 50 day moving average price is $27.59 and its 200-day moving average price is $26.22. Erste Group Bank has a 1-year low of $19.47 and a 1-year high of $30.26. The firm has a market capitalization of $25.33 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.89 and a beta of 1.29.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. The company had revenue of $3.02 billion for the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. On average, sell-side analysts predict that Erste Group Bank will post 4.27 earnings per share for the current fiscal 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.