China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Short Interest Up 78.7% in August

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,150 shares, an increase of 78.7% from the July 30th total of 1,203 shares. Based on an average daily volume of 601 shares, the short-interest ratio is presently 3.6 days. Currently, 0.0% of the shares of the stock are sold short.

China CITIC Bank Stock Performance

OTCMKTS:CHCJY opened at $19.60 on Tuesday. The company has a 50 day moving average price of $18.68 and a 200 day moving average price of $19.37. China CITIC Bank has a fifty-two week low of $15.92 and a fifty-two week high of $22.30. The stock has a market capitalization of $47.96 billion, a P/E ratio of 5.68 and a beta of 0.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.82.

China CITIC Bank (OTCMKTS:CHCJY) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.79 earnings per share (EPS) for the quarter. China CITIC Bank had a net margin of 20.81% and a return on equity of 8.54%. The business had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $8.27 billion. Equities research analysts forecast that China CITIC Bank will post 3.88 EPS for the current year.

Analysts Set New Price Targets

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

About China CITIC Bank

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.