China Merchants Bank Co. (OTCMKTS:CIHKY) Stock Short Interest Climbs 335.9%

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,200 shares, an increase of 335.9% from the August 31st total of 8,993 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 42,111 shares, the short-interest ratio is presently 0.9 days.

China Merchants Bank Price Performance

Shares of OTCMKTS:CIHKY traded down $0.41 during trading hours on Friday, hitting $32.21. 20,054 shares of the company’s stock traded hands, compared to its average volume of 22,575. China Merchants Bank has a 1 year low of $27.26 and a 1 year high of $34.88. The business has a fifty day moving average price of $31.96 and a 200-day moving average price of $31.06. The firm has a market capitalization of $162.47 billion, a P/E ratio of 7.76 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%.The firm had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $12.98 billion. As a group, equities analysts predict that China Merchants Bank will post 4.51 earnings per share for the current year.

China Merchants Bank Company Profile

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.

The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.