Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Declines By 94.9%

by · The Cerbat Gem

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,400 shares, a decline of 94.9% from the September 30th total of 27,200 shares. Based on an average daily volume of 213,400 shares, the short-interest ratio is currently 0.0 days.

China Merchants Bank Stock Down 0.9 %

OTCMKTS:CIHKY traded down $0.23 during trading hours on Friday, hitting $25.17. 50,729 shares of the company traded hands, compared to its average volume of 59,907. China Merchants Bank has a one year low of $15.57 and a one year high of $31.17. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The company has a market cap of $128.34 billion, a PE ratio of 6.49 and a beta of 0.36. The firm’s 50-day simple moving average is $22.76 and its 200-day simple moving average is $22.20.

China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.95 earnings per share (EPS) for the quarter. China Merchants Bank had a net margin of 29.97% and a return on equity of 13.68%. The business had revenue of $11.84 billion during the quarter.

About China Merchants Bank

(Get Free Report)

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.

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