Short Interest in Kasikornbank Public Company Limited (OTCMKTS:KPCPY) Increases By 196.7%

Kasikornbank Public Company Limited (OTCMKTS:KPCPY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 23,556 shares, an increase of 196.7% from the July 15th total of 7,939 shares. Based on an average daily trading volume, of 32,469 shares, the days-to-cover ratio is presently 0.7 days.

Kasikornbank Public Stock Down 1.1%

Shares of KPCPY traded down $0.32 during trading hours on Friday, reaching $29.93. 59,358 shares of the company traded hands, compared to its average volume of 23,797. The stock’s fifty day moving average is $27.75 and its 200 day moving average is $25.78. Kasikornbank Public has a 1-year low of $19.51 and a 1-year high of $32.00.

Kasikornbank Public (OTCMKTS:KPCPY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.69 earnings per share for the quarter. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion.

About Kasikornbank Public

Kasikornbank Public Company Limited, trading on the OTC market under the symbol KPCPY, is one of Thailand’s largest banking institutions. Established in 1945 as Thai Farmers Bank by Choti Lamsam to serve the agricultural sector, it was rebranded as Kasikornbank in 2003 to reflect its broader range of financial activities. Headquartered in Bangkok, the bank has evolved into a universal bank offering a comprehensive suite of banking and financial solutions.

The bank’s core services include retail and corporate banking products such as deposit accounts, personal and business loans, trade finance, and cash management.