Short Interest in China Merchants Bank Co. (OTCMKTS:CIHKY) Rises By 127.7%

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,841 shares, a growth of 127.7% from the May 14th total of 2,126 shares. Based on an average daily volume of 73,963 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

China Merchants Bank Stock Performance

Shares of OTCMKTS:CIHKY opened at $31.48 on Friday. The company’s 50 day moving average price is $30.91 and its two-hundred day moving average price is $31.55. China Merchants Bank has a 12-month low of $28.47 and a 12-month high of $37.15. The firm has a market cap of $158.78 billion, a PE ratio of 7.81 and a beta of 0.20. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. The firm had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. Equities research analysts predict that China Merchants Bank will post 4.5 earnings per share for the current year.

About China Merchants Bank

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.