Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 37,300 shares, anincreaseof136.1% from the June 30th total of 15,800 shares. Based on an average daily trading volume, of 116,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 116,400 shares, the days-to-cover ratio is presently 0.3 days.
Industrial & Commercial Bank of China Ltd. Price Performance
Industrial & Commercial Bank of China Ltd. stock opened at $15.50 on Thursday. Industrial & Commercial Bank of China Ltd. has a 52 week low of $10.38 and a 52 week high of $16.60. The company’s 50 day moving average price is $15.49 and its two-hundred day moving average price is $14.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The stock has a market cap of $276.21 billion, a P/E ratio of 5.76 and a beta of 0.18.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, July 4th will be given a dividend of $0.3506 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a dividend yield of 417.0%. This is an increase from Industrial & Commercial Bank of China Ltd.’s previous dividend of $0.30. Industrial & Commercial Bank of China Ltd.’s payout ratio is 26.02%.
Industrial & Commercial Bank of China Ltd. Company Profile
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
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