Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Increases By 1,727.3%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 20,100 shares, an increase of 1,727.3% from the December 31st total of 1,100 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is currently 0.3 days.

China Merchants Bank Stock Performance

Shares of CIHKY stock traded up $0.20 during mid-day trading on Tuesday, hitting $27.75. 43,008 shares of the stock traded hands, compared to its average volume of 41,388. China Merchants Bank has a twelve month low of $17.21 and a twelve month high of $31.17. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 7.13 and a beta of 0.31. The company’s 50-day simple moving average is $24.67 and its 200-day simple moving average is $23.33.

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

China Merchants Bank Company Profile

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.