Short Interest in Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Declines By 59.0%

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,900 shares, a drop of 59.0% from the June 30th total of 14,400 shares. Based on an average daily volume of 138,600 shares, the short-interest ratio is currently 0.0 days.

Industrial and Commercial Bank of China Stock Down 0.6 %

OTCMKTS:IDCBY opened at $11.04 on Friday. Industrial and Commercial Bank of China has a 12-month low of $8.50 and a 12-month high of $12.15. The firm has a market capitalization of $196.74 billion, a price-to-earnings ratio of 3.97 and a beta of 0.13. The stock’s 50 day moving average price is $11.44 and its two-hundred day moving average price is $10.62.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $29.35 billion for the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, July 9th will be issued a $0.6897 dividend. The ex-dividend date is Tuesday, July 9th.

About Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.