China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Significant Decline in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 15,611 shares, a decline of 63.3% from the April 15th total of 42,487 shares. Based on an average daily trading volume, of 57,903 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

China Merchants Bank Stock Down 1.4%

Shares of CIHKY traded down $0.42 during midday trading on Friday, hitting $29.75. The company had a trading volume of 46,421 shares, compared to its average volume of 37,751. The company’s 50 day moving average price is $31.39 and its 200 day moving average price is $31.92. The stock has a market cap of $150.06 billion, a price-to-earnings ratio of 7.38 and a beta of 0.20. China Merchants Bank has a 52 week low of $28.47 and a 52 week high of $37.15. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. The company had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.43 billion. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. On average, equities research analysts predict that China Merchants Bank will post 4.5 EPS for the current year.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.