ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 29,540,000 shares, an increase of 11.7% from the July 15th total of 26,450,000 shares. Based on an average daily trading volume, of 5,190,000 shares, the days-to-cover ratio is presently 5.7 days.

Institutional Investors Weigh In On ICICI Bank

Hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC lifted its position in shares of ICICI Bank by 8.4% in the second quarter. Driehaus Capital Management LLC now owns 6,364,221 shares of the bank’s stock valued at $183,353,000 after buying an additional 490,892 shares during the last quarter. Susquehanna International Group Ltd. bought a new stake in ICICI Bank in the 2nd quarter valued at $720,000. The Manufacturers Life Insurance Company lifted its holdings in ICICI Bank by 16.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 528,324 shares of the bank’s stock valued at $15,221,000 after purchasing an additional 74,753 shares during the last quarter. MBB Public Markets I LLC bought a new position in ICICI Bank during the second quarter worth $2,305,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of ICICI Bank by 7,294.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,172,813 shares of the bank’s stock valued at $33,789,000 after purchasing an additional 1,156,953 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.

ICICI Bank Stock Down 0.4 %

Shares of NYSE:IBN traded down $0.11 during midday trading on Monday, hitting $28.08. The stock had a trading volume of 345,449 shares, compared to its average volume of 5,513,679. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $28.31 and its 200-day simple moving average is $26.89. ICICI Bank has a 12 month low of $21.89 and a 12 month high of $29.66. The company has a market cap of $98.78 billion, a P/E ratio of 20.28, a PEG ratio of 2.32 and a beta of 1.04.

ICICI Bank Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, January 1st were issued a $0.2028 dividend. This represents a dividend yield of 0.4%. This is a boost from ICICI Bank’s previous annual dividend of $0.11. The ex-dividend date was Monday, August 12th. ICICI Bank’s dividend payout ratio is presently 14.39%.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.