China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,300 shares, anincreaseof69.1% from the July 15th total of 5,500 shares. Based on an average trading volume of 38,300 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 38,300 shares, the short-interest ratio is currently 0.2 days.
China Merchants Bank Price Performance
CIHKY stock opened at $31.03 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. China Merchants Bank has a 12-month low of $18.20 and a 12-month high of $37.15. The company has a market cap of $156.51 billion, a price-to-earnings ratio of 7.96 and a beta of 0.35. The firm has a 50 day moving average of $33.21 and a 200-day moving average of $30.68.
China Merchants Bank Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, August 14th. Investors of record on Friday, July 4th were given a dividend of $1.182 per share. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 336.0%. This is an increase from China Merchants Bank’s previous dividend of $1.05. China Merchants Bank’s payout ratio is presently 30.26%.
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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