China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Update

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,126 shares, a decline of 86.4% from the April 30th total of 15,611 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 95,655 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

China Merchants Bank Stock Performance

Shares of CIHKY opened at $29.22 on Thursday. China Merchants Bank has a 1 year low of $28.47 and a 1 year high of $37.15. The company has a market cap of $147.38 billion, a price-to-earnings ratio of 7.25 and a beta of 0.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $31.08 and a 200-day moving average of $31.77.

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

China Merchants Bank Company Profile

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.