Short Interest in China Construction Bank Corp. (OTCMKTS:CICHY) Drops By 69.0%

China Construction Bank Corp. (OTCMKTS:CICHY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,827 shares, a decrease of 69.0% from the June 30th total of 57,576 shares. Based on an average daily trading volume, of 243,998 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

China Construction Bank Stock Performance

Shares of OTCMKTS CICHY opened at $22.40 on Friday. The company has a market capitalization of $292.99 billion, a PE ratio of 6.12 and a beta of 0.12. The company’s fifty day moving average price is $21.62 and its 200 day moving average price is $21.16. China Construction Bank has a 1 year low of $18.21 and a 1 year high of $23.00.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The business had revenue of $30.21 billion during the quarter, compared to analyst estimates of $29.64 billion. On average, equities analysts expect that China Construction Bank will post 3.98 EPS for the current year.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.