ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 25,640,000 shares, a decrease of 5.0% from the February 29th total of 27,000,000 shares. Based on an average daily volume of 6,100,000 shares, the short-interest ratio is currently 4.2 days.

ICICI Bank Stock Performance

Shares of IBN opened at $25.98 on Tuesday. The stock’s 50-day simple moving average is $25.30 and its 200 day simple moving average is $23.93. The stock has a market capitalization of $91.17 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. ICICI Bank has a 52-week low of $21.22 and a 52-week high of $26.66.

ICICI Bank (NYSE:IBN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $5.18 billion for the quarter. ICICI Bank had a return on equity of 16.57% and a net margin of 24.82%. Research analysts forecast that ICICI Bank will post 1.38 EPS for the current fiscal year.

Institutional Trading of ICICI Bank

Several institutional investors and hedge funds have recently modified their holdings of the business. WCM Investment Management LLC raised its holdings in shares of ICICI Bank by 21.4% in the 1st quarter. WCM Investment Management LLC now owns 70,848,478 shares of the bank’s stock valued at $1,528,910,000 after acquiring an additional 12,491,086 shares in the last quarter. Schroder Investment Management Group increased its position in shares of ICICI Bank by 23.9% during the 3rd quarter. Schroder Investment Management Group now owns 15,217,088 shares of the bank’s stock valued at $351,819,000 after purchasing an additional 2,938,260 shares during the last quarter. BlackRock Inc. increased its position in shares of ICICI Bank by 29.2% during the 2nd quarter. BlackRock Inc. now owns 13,655,856 shares of the bank’s stock valued at $315,177,000 after purchasing an additional 3,084,269 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of ICICI Bank by 139.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,242,409 shares of the bank’s stock valued at $250,811,000 after purchasing an additional 7,710,015 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of ICICI Bank by 12.2% during the 2nd quarter. Lazard Asset Management LLC now owns 12,975,843 shares of the bank’s stock valued at $299,482,000 after purchasing an additional 1,411,788 shares during the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.

About ICICI Bank

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.