China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Up 127.7% in May

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 4,841 shares, an increase of 127.7% from the May 14th total of 2,126 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 73,963 shares, the days-to-cover ratio is presently 0.1 days.

China Merchants Bank Stock Up 1.6%

Shares of OTCMKTS:CIHKY opened at $31.48 on Friday. China Merchants Bank has a 52-week low of $28.47 and a 52-week high of $37.15. The stock has a market cap of $158.78 billion, a P/E ratio of 7.81 and a beta of 0.20. The business has a fifty day moving average of $30.91 and a two-hundred day moving average of $31.55. 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 posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. The business had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%. On average, research analysts expect that China Merchants Bank will post 4.5 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.