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

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,200 shares, an increase of 335.9% from the August 31st total of 8,993 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 42,111 shares, the short-interest ratio is presently 0.9 days.

China Merchants Bank Stock Performance

Shares of OTCMKTS:CIHKY traded down $0.41 on Friday, hitting $32.21. The company’s stock had a trading volume of 20,054 shares, compared to its average volume of 22,575. The company has a market capitalization of $162.47 billion, a price-to-earnings ratio of 7.76 and a beta of 0.20. China Merchants Bank has a 12 month low of $27.26 and a 12 month high of $34.88. The stock’s 50-day moving average is $31.96 and its two-hundred day moving average is $31.06.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. The firm had revenue of $13.01 billion during the quarter, compared to analyst estimates of $12.98 billion. China Merchants Bank had a net margin of 32.69% and a return on equity of 12.45%. Equities analysts expect that China Merchants Bank will post 4.51 earnings per share for the current fiscal year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.

The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.