China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Large Increase in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 19,351 shares, a growth of 41.0% from the November 30th total of 13,725 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 42,685 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 42,685 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

China Merchants Bank Stock Up 1.8%

CIHKY opened at $34.04 on Wednesday. The company has a market capitalization of $171.69 billion, a P/E ratio of 8.64 and a beta of 0.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $32.24. China Merchants Bank has a fifty-two week low of $24.08 and a fifty-two week high of $37.15.

China Merchants Bank (OTCMKTS:CIHKY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.08 EPS for the quarter. China Merchants Bank had a net margin of 32.06% and a return on equity of 12.04%. The company had revenue of $10.96 billion during the quarter.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.