ICICI Bank Limited (NYSE:IBN) Short Interest Down 6.4% in December

ICICI Bank Limited (NYSE:IBN) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 24,230,000 shares, a decrease of 6.4% from the December 15th total of 25,890,000 shares. Based on an average trading volume of 4,420,000 shares, the short-interest ratio is presently 5.5 days.

ICICI Bank Price Performance

IBN traded down $0.66 during trading on Monday, reaching $28.15. The company’s stock had a trading volume of 3,820,246 shares, compared to its average volume of 2,501,369. The company has a market cap of $99.33 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.71 and a beta of 0.99. The firm has a fifty day simple moving average of $30.15 and a two-hundred day simple moving average of $29.62. ICICI Bank has a 1 year low of $23.32 and a 1 year high of $32.14. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.74.

Institutional Trading of ICICI Bank

Several large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its holdings in shares of ICICI Bank by 7.4% in the second quarter. Squarepoint Ops LLC now owns 3,218,480 shares of the bank’s stock valued at $92,724,000 after purchasing an additional 221,529 shares during the period. Marshall Wace LLP increased its holdings in shares of ICICI Bank by 7,273.1% during the 2nd quarter. Marshall Wace LLP now owns 2,130,832 shares of the bank’s stock worth $61,389,000 after buying an additional 2,101,932 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of ICICI Bank by 57.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 467,718 shares of the bank’s stock valued at $13,475,000 after buying an additional 171,328 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in ICICI Bank in the second quarter valued at approximately $701,000. Finally, EverSource Wealth Advisors LLC grew its position in ICICI Bank by 22.1% in the second quarter. EverSource Wealth Advisors LLC now owns 18,259 shares of the bank’s stock worth $532,000 after acquiring an additional 3,306 shares during the period. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.