China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 32.1% in August

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 8,993 shares, a drop of 32.1% from the August 15th total of 13,247 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 49,420 shares, the short-interest ratio is currently 0.2 days.

China Merchants Bank Price Performance

Shares of CIHKY opened at $32.93 on Friday. China Merchants Bank has a one year low of $27.26 and a one year high of $34.88. The company has a market cap of $166.10 billion, a P/E ratio of 7.93 and a beta of 0.20. The firm has a 50 day simple moving average of $31.57 and a two-hundred day simple moving average of $30.98.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Friday, August 28th. The company reported $1.09 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%.The company had revenue of $13.01 billion for the quarter, compared to analyst estimates of $12.98 billion. On average, analysts expect that China Merchants Bank will post 4.51 earnings per share for the current fiscal 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.