China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Short Interest Update

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKYGet Rating) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,100 shares, a drop of 73.8% from the March 31st total of 4,200 shares. Based on an average daily volume of 145,800 shares, the short-interest ratio is presently 0.0 days.

Shares of CIHKY traded up $0.22 during trading hours on Friday, hitting $29.92. The stock had a trading volume of 71,043 shares, compared to its average volume of 71,826. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.92. China Merchants Bank has a 12 month low of $27.74 and a 12 month high of $46.46. The stock has a fifty day moving average price of $37.55 and a 200 day moving average price of $39.87.

China Merchants Bank (OTCMKTS:CIHKYGet Rating) last issued its quarterly earnings data on Friday, April 22nd. The company reported $1.13 EPS for the quarter. China Merchants Bank had a return on equity of 16.13% and a net margin of 27.30%. The company had revenue of $13.44 billion during the quarter. As a group, sell-side analysts anticipate that China Merchants Bank will post 0.33 EPS for the current year.

Separately, Zacks Investment Research raised China Merchants Bank from a “sell” rating to a “hold” rating in a report on Friday.

About China Merchants Bank (Get Rating)

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.

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