China Construction Bank Corp. (OTCMKTS:CICHY) Short Interest Down 69.0% in July

China Construction Bank Corp. (OTCMKTS:CICHY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 17,827 shares, a decline of 69.0% from the June 30th total of 57,576 shares. Based on an average daily volume of 243,998 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

China Construction Bank Price Performance

Shares of OTCMKTS CICHY opened at $22.40 on Friday. The business’s 50 day moving average is $21.62 and its two-hundred day moving average is $21.16. China Construction Bank has a 1-year low of $18.21 and a 1-year high of $23.00. The stock has a market capitalization of $292.99 billion, a P/E ratio of 6.12 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last announced its earnings results on Wednesday, April 29th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $30.21 billion during the quarter, compared to analysts’ expectations of $29.64 billion. China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. As a group, equities research analysts anticipate that China Construction Bank will post 3.98 earnings per share for the current fiscal year.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.