Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Short Interest Up 85.9% in September

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,800 shares, a growth of 85.9% from the August 31st total of 12,800 shares. Based on an average daily volume of 81,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 81,500 shares, the days-to-cover ratio is currently 0.3 days.

Industrial & Commercial Bank of China Ltd. Stock Down 0.3%

Shares of OTCMKTS IDCBY opened at $14.59 on Monday. Industrial & Commercial Bank of China Ltd. has a 12 month low of $11.32 and a 12 month high of $16.60. The firm has a market capitalization of $260.00 billion, a PE ratio of 5.42 and a beta of 0.18. The firm has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $14.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last announced its quarterly earnings results on Friday, August 29th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Industrial & Commercial Bank of China Ltd. had a return on equity of 9.11% and a net margin of 23.66%.The firm had revenue of $27.44 billion during the quarter, compared to the consensus estimate of $196.94 billion.

About Industrial & Commercial Bank of China Ltd.

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.