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

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 74.4% from the February 13th total of 15,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is currently 0.1 days.

Industrial and Commercial Bank of China Price Performance

Shares of OTCMKTS IDCBY opened at $14.53 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $12.60. Industrial and Commercial Bank of China has a fifty-two week low of $9.63 and a fifty-two week high of $14.95. The stock has a market cap of $258.91 billion, a P/E ratio of 5.32 and a beta of 0.09.

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.