Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Declines By 86.6%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 11,900 shares, a decline of 86.6% from the January 15th total of 88,600 shares. Based on an average daily volume of 92,900 shares, the short-interest ratio is presently 0.1 days.

China Merchants Bank Stock Performance

Shares of OTCMKTS:CIHKY traded up $0.67 during trading on Wednesday, reaching $28.56. The company had a trading volume of 22,812 shares, compared to its average volume of 46,990. The firm has a market capitalization of $144.06 billion, a price-to-earnings ratio of 7.34 and a beta of 0.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $25.70 and its 200 day moving average price is $23.79. China Merchants Bank has a fifty-two week low of $18.20 and a fifty-two week high of $31.17.

China Merchants Bank Company Profile

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.