China Construction Bank Corp. (OTCMKTS:CICHY) Sees Large Increase in Short Interest

China Construction Bank Corp. (OTCMKTS:CICHY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 92,869 shares, a growth of 263.7% from the October 15th total of 25,531 shares. Based on an average trading volume of 109,970 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

China Construction Bank Stock Performance

Shares of OTCMKTS:CICHY traded down $0.11 during trading on Thursday, hitting $26.50. The company’s stock had a trading volume of 5,495 shares, compared to its average volume of 73,324. China Construction Bank has a fifty-two week low of $18.62 and a fifty-two week high of $27.25. The stock’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $22.51. The company has a market capitalization of $346.68 billion, a PE ratio of 6.85 and a beta of 0.12.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings results on Friday, October 30th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). China Construction Bank had a net margin of 28.25% and a return on equity of 9.82%. The business had revenue of $29.63 billion during the quarter, compared to analysts’ expectations of $29.18 billion. On average, equities analysts predict that China Construction Bank will post 4.09 earnings per share for the current fiscal year.

China Construction Bank Company Profile

China Construction Bank Corporation is a major commercial bank headquartered in Beijing. Established in 1954 as the People’s Construction Bank of China, it was renamed China Construction Bank in 1996 and reorganized as a joint-stock commercial bank in 2004. The bank has a longstanding role in financing construction and infrastructure, alongside its broader banking activities. CCB serves individuals, businesses and government-related organizations. Its services include deposits, loans, payments and settlement, credit cards, wealth management, investment banking, treasury services and asset management.