China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 55,133 shares, a decrease of 68.7% from the April 15th total of 176,000 shares. Based on an average trading volume of 167,278 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.
China Construction Bank Stock Down 0.5%
OTCMKTS:CICHY traded down $0.12 during mid-day trading on Thursday, reaching $22.69. The company’s stock had a trading volume of 47,568 shares, compared to its average volume of 74,360. China Construction Bank has a 1 year low of $17.01 and a 1 year high of $23.00. The stock has a fifty day moving average of $21.45 and a 200-day moving average of $20.67. The firm has a market capitalization of $296.79 billion, a PE ratio of 6.23 and a beta of 0.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). China Construction Bank had a return on equity of 9.70% and a net margin of 26.72%.The business had revenue of $30.21 billion during the quarter, compared to analysts’ expectations of $29.64 billion. Equities research analysts forecast that China Construction Bank will post 3.86 earnings per share for the current 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.
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