China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) Sees Significant Decrease in Short Interest

China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 80.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 0.1 days.

China Minsheng Banking Stock Performance

Shares of China Minsheng Banking stock remained flat at $3.88 during trading on Thursday. 21 shares of the stock were exchanged, compared to its average volume of 1,245. The firm’s 50 day moving average price is $3.97 and its 200-day moving average price is $3.68. China Minsheng Banking has a 52 week low of $3.15 and a 52 week high of $4.69. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 4.26 and a beta of 0.25.

China Minsheng Banking (OTCMKTS:CMAKY) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $5.03 billion during the quarter. China Minsheng Banking had a return on equity of 5.47% and a net margin of 11.39%.

China Minsheng Banking Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 17th. Investors of record on Wednesday, October 30th will be given a $0.1278 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. China Minsheng Banking’s payout ratio is currently 27.47%.

About China Minsheng Banking

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.