China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Significant Drop in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,126 shares, a drop of 86.4% from the April 30th total of 15,611 shares. Based on an average daily trading volume, of 95,655 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, China Merchants Bank presently has an average rating of “Hold”.

China Merchants Bank Stock Up 2.0%

CIHKY stock traded up $0.60 during midday trading on Friday, hitting $29.99. 4,810 shares of the company’s stock were exchanged, compared to its average volume of 38,923. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. China Merchants Bank has a 12-month low of $28.47 and a 12-month high of $37.15. The firm has a 50 day moving average price of $31.03 and a 200-day moving average price of $31.74. The stock has a market capitalization of $151.27 billion, a price-to-earnings ratio of 7.44 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The company had revenue of $12.44 billion for the quarter, compared to the consensus estimate of $12.43 billion. On average, analysts anticipate that China Merchants Bank will post 4.5 EPS for the current year.

China Merchants Bank Company Profile

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.