Short Interest in Kasikornbank Public Company Limited (OTCMKTS:KPCPY) Declines By 46.8%

Kasikornbank Public Company Limited (OTCMKTS:KPCPY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 23,248 shares, a drop of 46.8% from the August 15th total of 43,725 shares. Based on an average daily volume of 87,731 shares, the days-to-cover ratio is currently 0.3 days.

Kasikornbank Public Stock Up 1.9%

Shares of OTCMKTS KPCPY traded up $0.57 during trading on Thursday, hitting $30.73. 4,860 shares of the company traded hands, compared to its average volume of 25,817. The company has a 50-day moving average price of $29.82 and a 200-day moving average price of $26.64. Kasikornbank Public has a 1 year low of $19.52 and a 1 year high of $32.12.

Kasikornbank Public (OTCMKTS:KPCPY) last issued its earnings results on Tuesday, July 21st. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion.

Kasikornbank Public Company Profile

Kasikornbank Public Company Limited, trading on the OTC market under the symbol KPCPY, is one of Thailand’s largest banking institutions. Established in 1945 as Thai Farmers Bank by Choti Lamsam to serve the agricultural sector, it was rebranded as Kasikornbank in 2003 to reflect its broader range of financial activities. Headquartered in Bangkok, the bank has evolved into a universal bank offering a comprehensive suite of banking and financial solutions.

The bank’s core services include retail and corporate banking products such as deposit accounts, personal and business loans, trade finance, and cash management.