China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 20,100 shares, an increase of 1,727.3% from the December 15th total of 1,100 shares. Based on an average trading volume of 71,200 shares, the days-to-cover ratio is presently 0.3 days.
China Merchants Bank Stock Down 1.9 %
China Merchants Bank stock traded down $0.47 during mid-day trading on Monday, reaching $24.14. 37,507 shares of the company’s stock were exchanged, compared to its average volume of 54,851. The company has a market cap of $121.76 billion, a P/E ratio of 6.21 and a beta of 0.31. China Merchants Bank has a twelve month low of $15.90 and a twelve month high of $31.17. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $24.21 and a 200-day moving average of $22.97.
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 13.43% and a net margin of 30.16%. The company had revenue of $11.05 billion during the quarter.
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.
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