Short Interest in Kasikornbank Public Company Limited (OTCMKTS:KPCPY) Drops By 46.8%

Kasikornbank Public Company Limited (OTCMKTS:KPCPY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 23,248 shares, a decline of 46.8% from the August 15th total of 43,725 shares. Based on an average daily trading volume, of 87,731 shares, the days-to-cover ratio is presently 0.3 days.

Kasikornbank Public Price Performance

Shares of Kasikornbank Public stock opened at $30.33 on Tuesday. Kasikornbank Public has a twelve month low of $19.52 and a twelve month high of $32.12. The firm’s 50-day moving average price is $29.72 and its 200 day moving average price is $26.57.

Kasikornbank Public (OTCMKTS:KPCPY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion.

Kasikornbank Public Company Profile

Kasikornbank Public Company Limited, trading on the OTC market under the symbol KPCPY, is one of Thailand’s largest banking institutions. Established in 1945 as Thai Farmers Bank by Choti Lamsam to serve the agricultural sector, it was rebranded as Kasikornbank in 2003 to reflect its broader range of financial activities. Headquartered in Bangkok, the bank has evolved into a universal bank offering a comprehensive suite of banking and financial solutions.

The bank’s core services include retail and corporate banking products such as deposit accounts, personal and business loans, trade finance, and cash management.