Short Interest in China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Increases By 62.1%

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,203 shares, an increase of 62.1% from the July 15th total of 742 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,752 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

China CITIC Bank Stock Performance

Shares of CHCJY stock remained flat at $19.39 on Wednesday. The stock had a trading volume of 217 shares, compared to its average volume of 554. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $47.44 billion, a price-to-earnings ratio of 5.74 and a beta of 0.31. China CITIC Bank has a 12 month low of $15.92 and a 12 month high of $22.30. The firm has a 50 day moving average price of $18.64 and a 200 day moving average price of $19.30.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.