China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 19,125 shares, a growth of 295.1% from the May 31st total of 4,841 shares. Based on an average trading volume of 92,616 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Stock Report on CIHKY
China Merchants Bank Trading Up 0.7%
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. As a group, equities analysts forecast that China Merchants Bank will post 4.5 EPS for the current fiscal year.
China Merchants Bank Company Profile
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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