Short Interest in China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) Decreases By 80.0%

China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 80.0% from the October 31st total of 500 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

China Minsheng Banking Price Performance

Shares of CMAKY stock remained flat at $3.88 during mid-day trading on Friday. 21 shares of the stock were exchanged, compared to its average volume of 1,029. The company has a fifty day moving average price of $3.99 and a 200 day moving average price of $3.69. The company has a market capitalization of $16.97 billion, a P/E ratio of 4.26 and a beta of 0.25. China Minsheng Banking has a twelve month low of $3.15 and a twelve month high of $4.69.

China Minsheng Banking (OTCMKTS:CMAKY) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $5.03 billion during the quarter. China Minsheng Banking had a net margin of 11.39% and a return on equity of 5.47%.

China Minsheng Banking Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Investors of record on Wednesday, October 30th will be issued a $0.1278 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. China Minsheng Banking’s dividend payout ratio is currently 28.57%.

About China Minsheng Banking

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.