China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Decrease in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 4,400 shares, a decline of 8.3% from the August 31st total of 4,800 shares. Based on an average daily volume of 53,400 shares, the short-interest ratio is presently 0.1 days.

China Merchants Bank Price Performance

OTCMKTS:CIHKY traded down $0.26 during midday trading on Monday, hitting $24.73. 343,600 shares of the stock were exchanged, compared to its average volume of 57,617. China Merchants Bank has a one year low of $15.57 and a one year high of $25.55. The business has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $21.36. The company has a market capitalization of $126.10 billion, a price-to-earnings ratio of 6.32 and a beta of 0.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.95 earnings per share for the quarter. China Merchants Bank had a net margin of 29.97% and a return on equity of 13.68%. The business had revenue of $11.84 billion for the quarter.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.