China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Large Drop in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 15,611 shares, a decrease of 63.3% from the April 15th total of 42,487 shares. Based on an average daily trading volume, of 57,903 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

China Merchants Bank Stock Performance

OTCMKTS:CIHKY traded down $0.15 during midday trading on Thursday, hitting $30.17. The company’s stock had a trading volume of 67,801 shares, compared to its average volume of 39,446. China Merchants Bank has a fifty-two week low of $28.47 and a fifty-two week high of $37.15. The firm’s 50 day moving average is $31.42 and its 200-day moving average is $31.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $152.18 billion, a P/E ratio of 7.49 and a beta of 0.20.

China Merchants Bank (OTCMKTS:CIHKY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The business had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. Equities analysts anticipate that China Merchants Bank will post 4.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of China Merchants Bank to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

China Merchants Bank Company Profile

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.