ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 30,100,000 shares, a decrease of 7.6% from the October 31st total of 32,590,000 shares. Based on an average daily trading volume, of 5,430,000 shares, the days-to-cover ratio is presently 5.5 days.

ICICI Bank Stock Up 1.2 %

Shares of NYSE IBN traded up $0.38 during trading hours on Tuesday, hitting $30.92. The company had a trading volume of 3,205,064 shares, compared to its average volume of 5,486,388. The stock has a market capitalization of $109.08 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.74. ICICI Bank has a 1-year low of $23.16 and a 1-year high of $31.60. The firm’s 50 day moving average is $30.04 and its 200-day moving average is $28.98.

Institutional Investors Weigh In On ICICI Bank

A number of large investors have recently added to or reduced their stakes in IBN. National Bank of Canada FI raised its stake in ICICI Bank by 122.6% in the 3rd quarter. National Bank of Canada FI now owns 5,168,100 shares of the bank’s stock valued at $154,268,000 after acquiring an additional 2,846,325 shares during the period. BNP Paribas Financial Markets raised its stake in ICICI Bank by 101.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,633,232 shares of the bank’s stock valued at $138,302,000 after acquiring an additional 2,334,887 shares during the period. Marshall Wace LLP raised its stake in ICICI Bank by 7,273.1% in the 2nd quarter. Marshall Wace LLP now owns 2,130,832 shares of the bank’s stock valued at $61,389,000 after acquiring an additional 2,101,932 shares during the period. Amansa Capital PTE. LTD. raised its stake in ICICI Bank by 48.9% in the 2nd quarter. Amansa Capital PTE. LTD. now owns 6,092,159 shares of the bank’s stock valued at $175,515,000 after acquiring an additional 2,000,000 shares during the period. Finally, William Blair Investment Management LLC raised its stake in ICICI Bank by 162.4% in the 2nd quarter. William Blair Investment Management LLC now owns 2,981,105 shares of the bank’s stock valued at $85,889,000 after acquiring an additional 1,845,063 shares during the period. Institutional investors own 18.18% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ICICI Bank from a “sell” rating to a “hold” rating in a report on Thursday, September 5th.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.