China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Large Increase in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,500 shares, a growth of 7.1% from the October 15th total of 1,400 shares. Based on an average daily trading volume, of 83,500 shares, the days-to-cover ratio is currently 0.0 days.

China Merchants Bank Stock Down 1.8 %

Shares of CIHKY stock traded down $0.42 during mid-day trading on Friday, reaching $23.44. 41,979 shares of the company’s stock traded hands, compared to its average volume of 28,201. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $23.94 and its 200-day moving average price is $22.65. The company has a market cap of $118.23 billion, a P/E ratio of 6.03 and a beta of 0.36. China Merchants Bank has a 12 month low of $15.57 and a 12 month high of $31.17.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Tuesday, October 29th. The company reported $1.06 EPS for the quarter. China Merchants Bank had a return on equity of 13.43% and a net margin of 30.16%. The business had revenue of $11.05 billion for the quarter.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.