China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Large Drop in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 15,611 shares, a decrease of 63.3% from the April 15th total of 42,487 shares. Based on an average daily volume of 57,903 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

China Merchants Bank Price Performance

Shares of OTCMKTS:CIHKY traded down $0.15 during midday trading on Thursday, reaching $30.17. 67,801 shares of the company’s stock traded hands, compared to its average volume of 39,446. China Merchants Bank has a 1 year low of $28.47 and a 1 year high of $37.15. The company has a market cap of $152.18 billion, a P/E ratio of 7.49 and a beta of 0.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day simple moving average of $31.42 and a two-hundred day simple moving average of $31.95.

China Merchants Bank (OTCMKTS:CIHKY) last announced its earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The firm had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. Equities analysts predict that China Merchants Bank will post 4.5 EPS for the current fiscal year.

China Merchants Bank Company Profile

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.