China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 63.3% in April

China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 15,611 shares, a decline of 63.3% from the April 15th total of 42,487 shares. Based on an average trading volume of 57,903 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

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China Merchants Bank Trading Down 1.2%

CIHKY stock traded down $0.35 during trading on Friday, reaching $29.82. 13,476 shares of the stock traded hands, compared to its average volume of 39,091. The business’s 50 day moving average price is $31.41 and its 200-day moving average price is $31.93. China Merchants Bank has a 52-week low of $28.47 and a 52-week high of $37.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $150.40 billion, a PE ratio of 7.40 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) 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 firm had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.43 billion. As a group, sell-side analysts forecast that China Merchants Bank will post 4.5 earnings per share for the current year.

About China Merchants Bank

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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.

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