China Construction Bank Co. (OTCMKTS:CICHY) Sees Significant Decline in Short Interest

China Construction Bank Co. (OTCMKTS:CICHY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 23,500 shares, a drop of 60.4% from the December 31st total of 59,300 shares. Based on an average daily volume of 114,400 shares, the days-to-cover ratio is presently 0.2 days.

China Construction Bank Stock Performance

Shares of OTCMKTS:CICHY traded down $0.18 during trading on Wednesday, reaching $16.28. The stock had a trading volume of 128,221 shares, compared to its average volume of 62,966. The stock has a market cap of $203.51 billion, a price-to-earnings ratio of 4.48 and a beta of 0.06. The firm’s fifty day moving average is $15.77 and its 200 day moving average is $15.07. China Construction Bank has a 52 week low of $11.60 and a 52 week high of $16.96.

China Construction Bank (OTCMKTS:CICHY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.98 earnings per share for the quarter. The company had revenue of $47.02 billion during the quarter. China Construction Bank had a net margin of 24.10% and a return on equity of 10.44%.

China Construction Bank Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 3rd will be issued a $0.4178 dividend. The ex-dividend date is Friday, January 3rd. China Construction Bank’s payout ratio is currently 23.14%.

China Construction Bank Company Profile

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.