China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

China CITIC Bank Price Performance

China CITIC Bank stock opened at $19.65 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $48.08 billion, a price-to-earnings ratio of 5.81 and a beta of 0.31. The firm has a 50-day moving average of $18.63 and a two-hundred day moving average of $19.29. China CITIC Bank has a 1 year low of $15.92 and a 1 year high of $22.30.

China CITIC Bank Company Profile

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.