Short Interest in Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Rises By 27.1%

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 39,900 shares, an increase of 27.1% from the December 15th total of 31,400 shares. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is presently 0.5 days.

Industrial and Commercial Bank of China Stock Performance

IDCBY stock traded down $0.08 during trading on Friday, hitting $12.67. 47,979 shares of the stock traded hands, compared to its average volume of 37,866. The firm’s 50 day moving average is $12.40 and its two-hundred day moving average is $11.87. Industrial and Commercial Bank of China has a 1 year low of $9.00 and a 1 year high of $13.60.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.70 EPS for the quarter. The firm had revenue of $27.53 billion during the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be paid a $0.3018 dividend. The ex-dividend date is Friday, January 3rd.

About Industrial and Commercial Bank of China

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.