China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Up 127.7% in May

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,841 shares, a growth of 127.7% from the May 14th total of 2,126 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 73,963 shares, the days-to-cover ratio is currently 0.1 days.

China Merchants Bank Trading Up 1.6%

CIHKY stock opened at $31.48 on Friday. China Merchants Bank has a 52-week low of $28.47 and a 52-week high of $37.15. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The firm has a market cap of $158.78 billion, a P/E ratio of 7.81 and a beta of 0.20. The company’s 50-day simple moving average is $30.91 and its 200-day simple moving average is $31.55.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. The firm had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%. As a group, equities analysts forecast that China Merchants Bank will post 4.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

China Merchants Bank Company Profile

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.