Short Interest in Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Declines By 74.4%

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 74.4% from the February 13th total of 15,600 shares. Based on an average trading volume of 62,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Industrial and Commercial Bank of China Stock Down 0.7 %

Shares of IDCBY traded down $0.10 during trading hours on Thursday, reaching $14.15. The company’s stock had a trading volume of 24,374 shares, compared to its average volume of 37,623. The company has a 50 day moving average of $13.62 and a two-hundred day moving average of $12.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The firm has a market cap of $252.16 billion, a price-to-earnings ratio of 5.18 and a beta of 0.09. Industrial and Commercial Bank of China has a 1-year low of $9.63 and a 1-year high of $14.95.

About Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.