China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 73.3% in July

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 6,141 shares, a decline of 73.3% from the June 30th total of 23,003 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 117,619 shares, the short-interest ratio is currently 0.1 days.

China Merchants Bank Price Performance

Shares of CIHKY opened at $31.08 on Friday. China Merchants Bank has a 1 year low of $27.26 and a 1 year high of $34.88. The stock’s fifty day moving average price is $29.80 and its two-hundred day moving average price is $30.78. The firm has a market cap of $156.78 billion, a PE ratio of 7.71 and a beta of 0.21.

China Merchants Bank (OTCMKTS:CIHKY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The company had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.43 billion. Sell-side analysts anticipate that China Merchants Bank will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Merchants Bank has an average rating of “Hold”.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.