China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Large Growth in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 39,200 shares, a growth of 335.9% from the August 31st total of 8,993 shares. Based on an average trading volume of 42,111 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are short sold.

China Merchants Bank Stock Performance

China Merchants Bank stock traded down $0.47 during trading on Friday, reaching $32.15. 4,688 shares of the company’s stock were exchanged, compared to its average volume of 37,158. The company’s 50-day moving average is $31.92 and its two-hundred day moving average is $31.06. China Merchants Bank has a 52-week low of $27.26 and a 52-week high of $34.88. The firm has a market cap of $162.16 billion, a price-to-earnings ratio of 7.75 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY) last issued its earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. The company had revenue of $13.01 billion during the quarter, compared to the consensus estimate of $12.98 billion. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%. Analysts anticipate that China Merchants Bank will post 4.51 EPS for the current year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987 as part of China Merchants Group, the bank has developed into a major financial services provider with a strong focus on retail banking and technology-enabled services.

The bank offers deposits, personal and corporate loans, credit cards, payment services, wealth management, investment banking, asset management and financial-market services. It serves individual customers, small and medium-sized businesses, large corporations and institutional clients through its banking network and digital platforms.