China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 55,133 shares, a decline of 68.7% from the April 15th total of 176,000 shares. Based on an average trading volume of 167,278 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.
China Construction Bank Stock Down 0.5%
Shares of CICHY stock traded down $0.12 during trading hours on Thursday, reaching $22.69. 47,568 shares of the company’s stock were exchanged, compared to its average volume of 74,360. China Construction Bank has a 1 year low of $17.01 and a 1 year high of $23.00. The stock has a market cap of $296.79 billion, a PE ratio of 6.23 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $21.45 and its two-hundred day moving average price is $20.67.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). China Construction Bank had a return on equity of 9.70% and a net margin of 26.72%.The business had revenue of $30.21 billion for the quarter, compared to analysts’ expectations of $29.64 billion. Research analysts predict that China Construction Bank will post 3.86 EPS for the current year.
About China Construction Bank
China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.
CCB’s core business activities include corporate banking, personal banking and treasury operations.
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