From MarketBeat:

KB Financial Group Inc. reported a 47.4% increase in short interest in December, now at 219,800 shares. Analysts at StockNews.com, rating KB Financial a buy, raised the stock from “hold” on November 20th.

KB Financial Group’s stock dropped 1.3% to $41.37 on Monday, with a market cap of $16.69 billion. The bank reported $2.70 EPS for Q3.

Several institutional investors have increased their position in KB Financial Group, now owning 6.30% of the stock.

KB Financial Group provides banking and financial services in South Korea and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.



Read more: KB Financial Group Inc. (NYSE:KB) Sees Significant Growth in Short Interest