China CITIC Bank Corporation Limited (OTCMKTS:CHCJY – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 445 shares, a decrease of 59.7% from the September 30th total of 1,103 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 98 shares, the days-to-cover ratio is currently 4.5 days.
Analyst Ratings Changes
Separately, Zacks Research downgraded China CITIC Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, China CITIC Bank has an average rating of “Hold”.
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China CITIC Bank Price Performance
Shares of OTCMKTS CHCJY opened at $21.33 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average of $20.75 and a 200-day moving average of $19.60. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 6.18 and a beta of 0.31. China CITIC Bank has a 12 month low of $16.00 and a 12 month high of $22.30.
China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $0.79 earnings per share for the quarter. China CITIC Bank had a net margin of 20.81% and a return on equity of 8.35%. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.27 billion. Sell-side analysts expect that China CITIC Bank will post 3.93 earnings per share for the current fiscal year.
About China CITIC Bank
China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a member of CITIC Group, a major Chinese financial and industrial conglomerate. Established in 1987, the bank provides banking and financial services to corporate, institutional and individual customers in China and selected international markets.
The bank’s corporate banking activities include deposits, loans, trade finance, transaction banking, cash management and settlement services. It also provides financing and advisory services to businesses, government-related entities and financial institutions, with coverage across sectors such as manufacturing, infrastructure, energy and technology.
For individual customers, China CITIC Bank offers deposits, personal lending, credit cards, wealth management, payments and other retail banking products.
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