Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Up 191.7% in November

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 31,500 shares, an increase of 191.7% from the November 15th total of 10,800 shares. Based on an average daily volume of 64,300 shares, the short-interest ratio is presently 0.5 days.

Industrial and Commercial Bank of China Price Performance

OTCMKTS:IDCBY traded down $0.03 during trading hours on Thursday, reaching $12.27. The company’s stock had a trading volume of 75,680 shares, compared to its average volume of 60,860. The firm has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $11.62. Industrial and Commercial Bank of China has a 1 year low of $8.98 and a 1 year high of $12.86.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its earnings results on Wednesday, October 30th. The company reported $0.70 earnings per share for the quarter. The company had revenue of $27.53 billion during the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.3018 per share. The ex-dividend date of this dividend is Friday, January 3rd.

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.