Short Interest in China Construction Bank Corp. (OTCMKTS:CICHY) Decreases By 37.4%
by Renee Jackson · The Cerbat GemChina Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 27,838 shares, a decline of 37.4% from the November 30th total of 44,500 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 118,457 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 118,457 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Zacks Research raised China Construction Bank to a “hold” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Report on CICHY
China Construction Bank Stock Up 0.6%
Shares of China Construction Bank stock opened at $19.53 on Friday. The stock has a market capitalization of $244.14 billion, a price-to-earnings ratio of 5.43 and a beta of 0.11. China Construction Bank has a twelve month low of $14.75 and a twelve month high of $22.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $20.35 and its 200-day simple moving average is $20.11.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.44 billion. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.
About China Construction Bank
China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.
CCB’s core business activities include corporate banking, personal banking and treasury operations.