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

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

China Merchants Bank Price Performance

CIHKY opened at $31.08 on Friday. China Merchants Bank has a fifty-two week low of $27.26 and a fifty-two week high of $34.88. The firm has a market capitalization of $156.78 billion, a P/E ratio of 7.71 and a beta of 0.21. The company’s 50-day moving average is $29.80 and its 200 day moving average is $30.78.

China Merchants Bank (OTCMKTS:CIHKY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. The firm had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.43 billion. On average, equities research analysts expect that China Merchants Bank will post 4.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

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