China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) Short Interest Update

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,203 shares, an increase of 62.1% from the July 15th total of 742 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,752 shares, the days-to-cover ratio is presently 0.7 days.

China CITIC Bank Stock Performance

OTCMKTS:CHCJY opened at $19.65 on Monday. The company has a market capitalization of $48.08 billion, a P/E ratio of 5.81 and a beta of 0.31. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. China CITIC Bank has a 12 month low of $15.92 and a 12 month high of $22.30. The firm has a fifty day simple moving average of $18.63 and a 200-day simple moving average of $19.29.

Analyst Ratings Changes

Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

China CITIC Bank Company Profile

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.