China Merchants Bank Co. (OTCMKTS:CIHKY) Shares Shorted: Short Interest Down 64.6% in October

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 11,693 shares, a drop of 64.6% from the September 30th total of 33,022 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 40,177 shares, the days-to-cover ratio is currently 0.3 days.

China Merchants Bank Stock Up 1.5%

Shares of OTCMKTS CIHKY traded up $0.49 during trading hours on Thursday, hitting $33.72. The company had a trading volume of 8,433 shares, compared to its average volume of 35,632. The firm’s 50 day moving average is $32.85 and its 200-day moving average is $31.31. The stock has a market capitalization of $170.08 billion, a P/E ratio of 8.13 and a beta of 0.18. China Merchants Bank has a 1-year low of $27.26 and a 1-year high of $34.88.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Friday, August 28th. The company reported $1.09 EPS for the quarter. The business had revenue of $13.01 billion during the quarter, compared to the consensus estimate of $12.98 billion. China Merchants Bank had a net margin of 32.69% and a return on equity of 12.45%. On average, sell-side analysts predict that China Merchants Bank will post 4.57 earnings per share for the current year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Founded in 1987, it provides banking and financial services to individuals, businesses, and institutional clients through its operations in mainland China and selected international markets.

The bank’s retail banking activities include deposits, consumer and mortgage lending, credit cards, wealth management, private banking, payments, and digital banking services. Its corporate and institutional businesses provide working-capital and other loans, trade finance, cash management, investment banking, custody, foreign-exchange services, and financial-market products.

China Merchants Bank also operates through subsidiaries and affiliates involved in areas such as wealth management, financial leasing, fund management, and securities and investment services.