China Merchants Bank Co. (OTCMKTS:CIHKY) Shares Shorted: Short Interest Down 64.6% in October

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 11,693 shares, a decrease of 64.6% from the September 30th total of 33,022 shares. Based on an average trading volume of 40,177 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

China Merchants Bank Price Performance

CIHKY stock opened at $34.75 on Friday. The stock has a market capitalization of $175.28 billion, a price-to-earnings ratio of 8.37 and a beta of 0.18. China Merchants Bank has a 52-week low of $27.26 and a 52-week high of $34.88. The company has a 50-day moving average of $32.97 and a two-hundred day moving average of $31.33.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. The company had revenue of $13.01 billion for the quarter, compared to analysts’ expectations of $12.98 billion. China Merchants Bank had a net margin of 32.69% and a return on equity of 12.45%. Equities analysts expect that China Merchants Bank will post 4.57 EPS for the current fiscal year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Founded in 1987, it provides banking and financial services to individuals, businesses, and institutional clients through its operations in mainland China and selected international markets.

The bank’s retail banking activities include deposits, consumer and mortgage lending, credit cards, wealth management, private banking, payments, and digital banking services. Its corporate and institutional businesses provide working-capital and other loans, trade finance, cash management, investment banking, custody, foreign-exchange services, and financial-market products.

China Merchants Bank also operates through subsidiaries and affiliates involved in areas such as wealth management, financial leasing, fund management, and securities and investment services.