Short Interest in Kasikornbank Public Company Limited (OTCMKTS:KPCPY) Rises By 196.7%

Kasikornbank Public Company Limited (OTCMKTS:KPCPY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 23,556 shares, an increase of 196.7% from the July 15th total of 7,939 shares. Based on an average daily volume of 32,469 shares, the short-interest ratio is presently 0.7 days.

Kasikornbank Public Stock Up 1.0%

OTCMKTS:KPCPY traded up $0.31 on Thursday, reaching $30.25. 22,181 shares of the stock traded hands, compared to its average volume of 23,534. Kasikornbank Public has a 12 month low of $19.51 and a 12 month high of $32.00. The company’s fifty day simple moving average is $27.57 and its 200 day simple moving average is $25.71.

Kasikornbank Public (OTCMKTS:KPCPY) last issued its earnings results on Tuesday, July 21st. The company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion.

Kasikornbank Public Company Profile

Kasikornbank Public Company Limited, trading on the OTC market under the symbol KPCPY, is one of Thailand’s largest banking institutions. Established in 1945 as Thai Farmers Bank by Choti Lamsam to serve the agricultural sector, it was rebranded as Kasikornbank in 2003 to reflect its broader range of financial activities. Headquartered in Bangkok, the bank has evolved into a universal bank offering a comprehensive suite of banking and financial solutions.

The bank’s core services include retail and corporate banking products such as deposit accounts, personal and business loans, trade finance, and cash management.