China Construction Bank Corp. (OTCMKTS:CICHY) Sees Large Decrease in Short Interest

China Construction Bank Corp. (OTCMKTS:CICHY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 17,827 shares, a drop of 69.0% from the June 30th total of 57,576 shares. Based on an average daily volume of 243,998 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

China Construction Bank Stock Performance

OTCMKTS:CICHY opened at $22.40 on Monday. The company has a market capitalization of $292.99 billion, a price-to-earnings ratio of 6.12 and a beta of 0.12. China Construction Bank has a one year low of $18.21 and a one year high of $23.00. The stock has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $21.17.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The firm had revenue of $30.21 billion for the quarter, compared to analyst estimates of $29.64 billion. On average, equities research analysts forecast that China Construction Bank will post 3.98 EPS for the current fiscal year.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.