Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Update

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,400 shares, an increase of 28.6% from the March 15th total of 4,200 shares. Based on an average daily volume of 109,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Industrial and Commercial Bank of China Stock Up 0.7 %

Shares of OTCMKTS:IDCBY traded up $0.10 during midday trading on Monday, reaching $13.59. The company’s stock had a trading volume of 355,129 shares, compared to its average volume of 48,420. Industrial and Commercial Bank of China has a 12-month low of $10.11 and a 12-month high of $14.95. The firm has a 50 day moving average of $14.01 and a 200-day moving average of $13.04. The firm has a market capitalization of $242.18 billion, a P/E ratio of 4.98 and a beta of 0.08. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its quarterly earnings data on Friday, March 28th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The firm had revenue of $25.31 billion for the quarter, compared to the consensus estimate of $199.75 billion. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.

About Industrial and Commercial Bank of China

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.