China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 73.3% in July

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,141 shares, a drop of 73.3% from the June 30th total of 23,003 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 117,619 shares, the short-interest ratio is currently 0.1 days.

China Merchants Bank Stock Performance

CIHKY opened at $31.08 on Monday. China Merchants Bank has a one year low of $27.26 and a one year high of $34.88. The stock’s fifty day moving average is $29.80 and its 200-day moving average is $30.76. The company has a market capitalization of $156.78 billion, a PE ratio of 7.71 and a beta of 0.21.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%.The business had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.43 billion. On average, equities research analysts forecast that China Merchants Bank will post 4.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of China Merchants Bank to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.