Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Drops By 55.8%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,300 shares, a drop of 55.8% from the June 30th total of 5,200 shares. Based on an average trading volume of 53,400 shares, the short-interest ratio is currently 0.0 days.

China Merchants Bank Stock Performance

Shares of China Merchants Bank stock traded down $0.10 on Friday, reaching $20.53. The company had a trading volume of 26,582 shares, compared to its average volume of 27,974. The firm has a market cap of $104.70 billion, a PE ratio of 5.25 and a beta of 0.37. China Merchants Bank has a 52-week low of $15.57 and a 52-week high of $25.55. The firm’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $20.67.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings data on Monday, April 29th. The company reported $1.05 earnings per share for the quarter. China Merchants Bank had a return on equity of 14.92% and a net margin of 29.99%. The business had revenue of $10.38 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.