China Construction Bank Co. (OTCMKTS:CICHY) Sees Large Drop in Short Interest

China Construction Bank Co. (OTCMKTS:CICHY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 15,800 shares, a decline of 34.4% from the August 15th total of 24,100 shares. Based on an average trading volume of 196,000 shares, the days-to-cover ratio is currently 0.1 days.

China Construction Bank Stock Up 1.6 %

Shares of CICHY stock traded up $0.22 during trading hours on Friday, hitting $13.87. 55,848 shares of the company’s stock traded hands, compared to its average volume of 85,012. The stock’s fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $13.60. China Construction Bank has a 12-month low of $10.76 and a 12-month high of $15.29. The stock has a market cap of $173.38 billion, a price-to-earnings ratio of 3.71 and a beta of 0.10.

China Construction Bank Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, July 5th were issued a dividend of $0.9227 per share. The ex-dividend date was Friday, July 5th.

About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.