Erste Group Bank AG (OTCMKTS:EBKDY) short rates down 43.6% in December


Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a sharp drop in short rates in December. As of December 31, there was short interest totaling 24,100 shares, down 43.6% from the December 15 total of 42,700 shares. Based on an average daily trading volume of 88,000 shares, the days-to-cover ratio is currently 0.3 days.

Several equities analysts recently rated EBKDY stock. JPMorgan Chase & Co. raised its target price on Erste Group Bank shares from €48.00 ($54.55) to €51.00 ($57.95) and downgraded the company to a one-for-one on Tuesday, December 14 Research Note with “overweight”. Exane BNP Paribas has downgraded Erste Group Bank from an outperform rating to a neutral rating in a report on Wednesday 13 October. Morgan Stanley upgraded Erste Group Bank to an “overweight” rating in a report on Wednesday, November 3, and raised its price target on the company to €50.00 ($56.68) from €49.00 ($55.68). $.82). UBS Group upgraded Erste Group Bank to a “buy” rating in a report on Friday, November 5. Finally, Deutsche Bank Aktiengesellschaft upgraded Erste Group Bank to a “buy” rating and raised its price target on the company to 45.00 from €44.00 ($50.00) in a report on Thursday, December 2nd € ($51.14) raised. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to, Erste Group Bank currently has a consensus rating of Buy and a consensus target of $41.74.

EBKDY warehouse rose $0.01 on Friday midday to hit $25.21. The company had a trading volume of 33,394 shares compared to an average volume of 36,955. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-to-growth ratio of 0.47 and a beta of 1.36. The stock has a 50-day moving average price of $23.09 and a 200-day moving average price of $21.47. Erste Group Bank has a 1-year low of $15.25 and a 1-year high of $25.45.


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Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly results on Tuesday, November 2nd. The financial services provider reported $0.74 per share for the quarter. The company had revenue of $2.22 billion for the quarter. Erste Group Bank had a return on equity of 6.98% and a net margin of 17.61%. Research analysts assume that Erste Group Bank will achieve 2.3 EPS for the current year.

Company profile of Erste Group Bank

Erste Group Bank AG provides banking and financial services. It operates through the following business segments: Retail Customers, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks and Group Corporate Center. The Retail segment includes business with private individuals, micros and free professionals under the responsibility of account managers in the retail network.

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