China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Decrease in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 4,400 shares, a drop of 8.3% from the August 31st total of 4,800 shares. Based on an average daily volume of 53,400 shares, the short-interest ratio is currently 0.1 days.

China Merchants Bank Stock Performance

China Merchants Bank stock traded down $0.26 during mid-day trading on Monday, reaching $24.73. 343,600 shares of the company’s stock were exchanged, compared to its average volume of 57,617. The firm has a market capitalization of $126.10 billion, a PE ratio of 6.32 and a beta of 0.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $20.66 and its 200 day simple moving average is $21.36. China Merchants Bank has a one year low of $15.57 and a one year high of $25.55.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.95 EPS for the quarter. The firm had revenue of $11.84 billion for the quarter. China Merchants Bank had a return on equity of 13.68% and a net margin of 29.97%.

China Merchants Bank Company Profile

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.