China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Short Interest Up 78.7% in August

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,150 shares, an increase of 78.7% from the July 30th total of 1,203 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 601 shares, the days-to-cover ratio is currently 3.6 days.

China CITIC Bank Stock Performance

OTCMKTS:CHCJY opened at $19.60 on Monday. China CITIC Bank has a 1 year low of $15.92 and a 1 year high of $22.30. The firm has a 50 day moving average of $18.66 and a 200-day moving average of $19.36. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $47.96 billion, a P/E ratio of 5.68 and a beta of 0.31.

China CITIC Bank (OTCMKTS:CHCJY) last announced its earnings results on Wednesday, August 26th. The company reported $0.79 EPS for the quarter. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.27 billion. China CITIC Bank had a return on equity of 8.54% and a net margin of 20.81%. As a group, sell-side analysts anticipate that China CITIC Bank will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.