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

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

China Merchants Bank Stock Performance

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

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

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.