Short Interest in China Merchants Bank Co. (OTCMKTS:CIHKY) Expands By 45.2%

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,500 shares, a growth of 45.2% from the September 30th total of 3,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 75,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 75,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

China Merchants Bank Price Performance

OTCMKTS CIHKY opened at $32.36 on Wednesday. The business’s fifty day moving average price is $30.71 and its 200-day moving average price is $31.47. The stock has a market capitalization of $163.22 billion, a price-to-earnings ratio of 8.21 and a beta of 0.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82. China Merchants Bank has a 1-year low of $21.91 and a 1-year high of $37.15.

China Merchants Bank (OTCMKTS:CIHKY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.08 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.28% and a net margin of 32.06%.The firm had revenue of $10.96 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.