Short Interest in Kasikornbank Public Company Limited (OTCMKTS:KPCPY) Drops By 46.8%

Kasikornbank Public Company Limited (OTCMKTS:KPCPY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 23,248 shares, a drop of 46.8% from the August 15th total of 43,725 shares. Based on an average daily volume of 87,731 shares, the days-to-cover ratio is currently 0.3 days.

Kasikornbank Public Price Performance

Shares of OTCMKTS:KPCPY opened at $30.33 on Tuesday. The business’s 50-day moving average is $29.72 and its 200 day moving average is $26.57. Kasikornbank Public has a 1 year low of $19.52 and a 1 year high of $32.12.

Kasikornbank Public (OTCMKTS:KPCPY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion.

About Kasikornbank Public

Kasikornbank Public Company Limited, trading on the OTC market under the symbol KPCPY, is one of Thailand’s largest banking institutions. Established in 1945 as Thai Farmers Bank by Choti Lamsam to serve the agricultural sector, it was rebranded as Kasikornbank in 2003 to reflect its broader range of financial activities. Headquartered in Bangkok, the bank has evolved into a universal bank offering a comprehensive suite of banking and financial solutions.

The bank’s core services include retail and corporate banking products such as deposit accounts, personal and business loans, trade finance, and cash management.