China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Decline in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 13,400 shares, a decline of 27.6% from the February 28th total of 18,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 42,400 shares, the days-to-cover ratio is presently 0.3 days.

China Merchants Bank Price Performance

Shares of CIHKY traded down $0.48 during midday trading on Monday, hitting $29.17. 19,013 shares of the company traded hands, compared to its average volume of 34,905. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $147.13 billion, a price-to-earnings ratio of 7.50 and a beta of 0.30. China Merchants Bank has a 52 week low of $18.20 and a 52 week high of $33.17. The firm has a 50 day moving average of $29.01 and a 200-day moving average of $25.96.

China Merchants Bank (OTCMKTS:CIHKY) last posted its earnings results on Tuesday, March 25th. The company reported $0.87 earnings per share for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.27%. The firm had revenue of $11.68 billion for 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.