China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,200 shares, an increase of 335.9% from the August 31st total of 8,993 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 42,111 shares, the short-interest ratio is presently 0.9 days.
China Merchants Bank Trading Down 1.4%
CIHKY stock traded down $0.47 during mid-day trading on Friday, hitting $32.15. 4,688 shares of the company were exchanged, compared to its average volume of 37,158. The company has a market capitalization of $162.16 billion, a PE ratio of 7.75 and a beta of 0.20. China Merchants Bank has a twelve month low of $27.26 and a twelve month high of $34.88. The firm has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $31.06.
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its quarterly earnings results on Friday, August 28th. The company reported $1.09 EPS for the quarter. The business had revenue of $13.01 billion for the quarter, compared to analysts’ expectations of $12.98 billion. China Merchants Bank had a net margin of 32.69% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that China Merchants Bank will post 4.51 earnings per share for the current year.
About China Merchants Bank
China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.
The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.
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