China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY – Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 9,900 shares, a decrease of 26.1% from the March 15th total of 13,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 48,100 shares, the days-to-cover ratio is currently 0.2 days.
China Merchants Bank Trading Down 0.8 %
Shares of China Merchants Bank stock traded down $0.23 during trading on Friday, reaching $27.65. 24,099 shares of the company were exchanged, compared to its average volume of 33,145. China Merchants Bank has a twelve month low of $18.20 and a twelve month high of $33.17. The business has a 50-day moving average price of $29.07 and a 200-day moving average price of $26.58. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $139.47 billion, a price-to-earnings ratio of 7.11 and a beta of 0.26.
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.87 EPS for the quarter. The company had revenue of $11.68 billion during the quarter. China Merchants Bank had a return on equity of 13.27% and a net margin of 30.16%.
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.
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