Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Sees Significant Growth in Short Interest

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

Industrial and Commercial Bank of China Price Performance

OTCMKTS IDCBY opened at $12.27 on Friday. The stock has a market capitalization of $218.66 billion, a PE ratio of 4.45 and a beta of 0.11. Industrial and Commercial Bank of China has a 1-year low of $8.98 and a 1-year high of $12.86. The business has a 50 day simple moving average of $12.08 and a two-hundred day simple moving average of $11.63.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $27.53 billion for 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. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.3018 per share. The ex-dividend date 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.