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

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 1,100 shares, a decline of 67.6% from the November 30th total of 3,400 shares. Based on an average daily trading volume, of 104,700 shares, the short-interest ratio is currently 0.0 days.

China Merchants Bank Price Performance

China Merchants Bank stock traded down $0.21 during midday trading on Friday, reaching $25.43. 23,183 shares of the stock traded hands, compared to its average volume of 56,634. The stock has a market cap of $128.27 billion, a P/E ratio of 6.54 and a beta of 0.34. The stock’s fifty day moving average is $24.27 and its 200-day moving average is $22.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. China Merchants Bank has a 12 month low of $15.90 and a 12 month high of $31.17.

China Merchants Bank (OTCMKTS:CIHKY) last posted 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 firm had revenue of $11.05 billion during 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.