China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 92,869 shares, an increase of 263.7% from the October 15th total of 25,531 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 109,970 shares, the days-to-cover ratio is currently 0.8 days.
China Construction Bank Price Performance
China Construction Bank stock traded down $0.11 during midday trading on Thursday, hitting $26.50. 5,495 shares of the company were exchanged, compared to its average volume of 73,324. The company’s fifty day moving average price is $25.12 and its 200-day moving average price is $22.51. The company has a market cap of $346.68 billion, a PE ratio of 6.85 and a beta of 0.12. China Construction Bank has a fifty-two week low of $18.62 and a fifty-two week high of $27.25.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.01). The firm had revenue of $29.63 billion during the quarter, compared to analyst estimates of $29.18 billion. China Construction Bank had a net margin of 28.25% and a return on equity of 9.82%. On average, analysts expect that China Construction Bank will post 4.09 EPS for the current fiscal year.
About China Construction Bank
China Construction Bank Corporation is a major commercial bank headquartered in Beijing. Established in 1954 as the People’s Construction Bank of China, it was renamed China Construction Bank in 1996 and reorganized as a joint-stock commercial bank in 2004. The bank has a longstanding role in financing construction and infrastructure, alongside its broader banking activities. CCB serves individuals, businesses and government-related organizations. Its services include deposits, loans, payments and settlement, credit cards, wealth management, investment banking, treasury services and asset management.
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