China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 92,869 shares, an increase of 263.7% from the October 15th total of 25,531 shares. Based on an average daily trading volume, of 109,970 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are short sold.
China Construction Bank Stock Down 0.4%
CICHY stock opened at $26.50 on Friday. The firm has a market cap of $346.62 billion, a price-to-earnings ratio of 6.88 and a beta of 0.12. China Construction Bank has a 12-month low of $18.62 and a 12-month high of $27.25. The company’s fifty day simple moving average is $25.15 and its 200 day simple moving average is $22.55.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The business had revenue of $29.63 billion for the quarter, compared to analyst estimates of $29.18 billion. China Construction Bank had a return on equity of 9.82% and a net margin of 28.25%. Research analysts expect that China Construction Bank will post 4.09 earnings per share for the current year.
China Construction Bank Company Profile
China Construction Bank Corporation is a major commercial bank headquartered in Beijing. Established in 1954 as the People’s Construction Bank of China, it was renamed China Construction Bank in 1996 and reorganized as a joint-stock commercial bank in 2004. The bank has a longstanding role in financing construction and infrastructure, alongside its broader banking activities. CCB serves individuals, businesses and government-related organizations. Its services include deposits, loans, payments and settlement, credit cards, wealth management, investment banking, treasury services and asset management.
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