Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Down 52.1% in January

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 37,400 shares, a decrease of 52.1% from the January 15th total of 78,100 shares. Based on an average daily trading volume, of 81,000 shares, the days-to-cover ratio is presently 0.5 days.

Industrial and Commercial Bank of China Trading Up 0.6 %

Shares of OTCMKTS:IDCBY opened at $14.54 on Friday. The company has a market capitalization of $259.11 billion, a P/E ratio of 5.33 and a beta of 0.07. Industrial and Commercial Bank of China has a 1 year low of $9.63 and a 1 year high of $14.72. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50 day simple moving average is $13.03 and its 200 day simple moving average is $12.17.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 3rd were given a dividend of $0.3018 per share. The ex-dividend date of this dividend was Friday, January 3rd. Industrial and Commercial Bank of China’s dividend payout ratio is currently 22.34%.

Industrial and Commercial Bank of China Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.