China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Decrease in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 13,400 shares, a decrease of 27.6% from the February 28th total of 18,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 42,400 shares, the short-interest ratio is currently 0.3 days.

China Merchants Bank Price Performance

Shares of CIHKY stock opened at $29.67 on Tuesday. China Merchants Bank has a 1-year low of $18.20 and a 1-year high of $33.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $149.65 billion, a P/E ratio of 7.63 and a beta of 0.30. The firm has a fifty day moving average of $29.07 and a two-hundred day moving average of $26.04.

China Merchants Bank (OTCMKTS:CIHKY) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.87 earnings per share for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.27%. The business had revenue of $11.68 billion for the quarter.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.