Short Interest in China Construction Bank Co. (OTCMKTS:CICHY) Decreases By 47.5%

China Construction Bank Co. (OTCMKTS:CICHY) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 24,100 shares, a drop of 47.5% from the July 31st total of 45,900 shares. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is presently 0.3 days.

China Construction Bank Price Performance

OTCMKTS CICHY traded down $0.39 on Friday, hitting $13.99. The stock had a trading volume of 114,506 shares, compared to its average volume of 85,075. The business’s fifty day moving average price is $14.22 and its 200 day moving average price is $13.48. China Construction Bank has a 52-week low of $10.62 and a 52-week high of $15.29. The stock has a market cap of $174.88 billion, a price-to-earnings ratio of 3.99 and a beta of 0.11.

China Construction Bank Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, July 5th were issued a $0.9227 dividend. The ex-dividend date was Friday, July 5th.

About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.