Short Interest in China Merchants Bank Co. (OTCMKTS:CIHKY) Grows By 125.8%

China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,868 shares, a growth of 125.8% from the July 15th total of 6,141 shares. Based on an average daily volume of 55,194 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, China Merchants Bank has a consensus rating of “Hold”.

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China Merchants Bank Price Performance

Shares of China Merchants Bank stock traded down $0.11 during trading on Friday, reaching $30.67. 41,922 shares of the stock traded hands, compared to its average volume of 23,010. The company has a market capitalization of $154.70 billion, a price-to-earnings ratio of 7.61 and a beta of 0.21. The business has a fifty day simple moving average of $30.28 and a two-hundred day simple moving average of $30.78. China Merchants Bank has a 52-week low of $27.26 and a 52-week high of $34.88.

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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