China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Short Interest Up 62.1% in July

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 1,203 shares, an increase of 62.1% from the July 15th total of 742 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,752 shares, the days-to-cover ratio is currently 0.7 days.

China CITIC Bank Price Performance

Shares of CHCJY opened at $19.39 on Tuesday. China CITIC Bank has a 1-year low of $15.92 and a 1-year high of $22.30. The stock has a market cap of $47.44 billion, a PE ratio of 5.74 and a beta of 0.31. The firm has a 50-day simple moving average of $18.64 and a two-hundred day simple moving average of $19.29. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.82.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

China CITIC Bank Company Profile

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.