KBC Group NV (OTCMKTS:KBCSY) Short Interest Down 26.8% in November

KBC Group NV (OTCMKTS:KBCSY) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 9,300 shares, a drop of 26.8% from the November 15th total of 12,700 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is currently 0.1 days.

KBC Group Stock Performance

Shares of KBCSY traded up $1.09 during mid-day trading on Friday, hitting $38.33. 23,924 shares of the company traded hands, compared to its average volume of 29,851. KBC Group has a 1 year low of $30.13 and a 1 year high of $40.32. The stock has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $37.06. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 1.40 and a beta of 1.15.

KBC Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Wednesday, November 13th were issued a $0.3313 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from KBC Group’s previous dividend of $0.23. KBC Group’s payout ratio is presently 16.20%.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.