China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Update
by Kim Johansen · The Markets DailyChina Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 19,125 shares, an increase of 295.1% from the May 31st total of 4,841 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 92,616 shares, the days-to-cover ratio is currently 0.2 days.
China Merchants Bank Price Performance
Shares of CIHKY opened at $28.69 on Friday. The firm has a market capitalization of $144.71 billion, a PE ratio of 7.12 and a beta of 0.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. China Merchants Bank has a 1-year low of $28.00 and a 1-year high of $36.14. The company’s fifty day moving average price is $30.50 and its 200-day moving average price is $31.29.
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The company had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.43 billion. On average, equities research analysts predict that China Merchants Bank will post 4.5 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, China Merchants Bank presently has an average rating of “Hold”.
View Our Latest Analysis on CIHKY
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.