China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Update

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 4,841 shares, an increase of 127.7% from the May 14th total of 2,126 shares. Based on an average daily volume of 73,963 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

China Merchants Bank Price Performance

Shares of China Merchants Bank stock opened at $31.48 on Monday. China Merchants Bank has a one year low of $28.47 and a one year high of $37.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50-day moving average is $30.91 and its 200 day moving average is $31.54. The firm has a market cap of $158.78 billion, a price-to-earnings ratio of 7.81 and a beta of 0.20.

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