China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Up 295.1% in June

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 19,125 shares, an increase of 295.1% from the May 31st total of 4,841 shares. Based on an average daily trading volume, of 92,616 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

China Merchants Bank Price Performance

Shares of CIHKY stock opened at $28.69 on Monday. The business’s fifty day moving average is $30.50 and its 200-day moving average is $31.28. The stock has a market cap of $144.71 billion, a PE ratio of 7.12 and a beta of 0.20. China Merchants Bank has a 1 year low of $28.00 and a 1 year high of $36.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81.

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

Analyst Ratings Changes

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

About China Merchants Bank

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.