China Merchants Bank Co. (OTCMKTS:CIHKY) Shares Shorted: Short Interest Down 64.6% in October

China Merchants Bank Co. (OTCMKTS:CIHKY) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 11,693 shares, a decline of 64.6% from the September 30th total of 33,022 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 40,177 shares, the days-to-cover ratio is presently 0.3 days.

China Merchants Bank Trading Up 3.6%

Shares of OTCMKTS:CIHKY traded up $1.20 during trading on Friday, hitting $34.75. 33,069 shares of the company’s stock traded hands, compared to its average volume of 35,678. The company has a 50-day moving average price of $32.90 and a 200-day moving average price of $31.32. China Merchants Bank has a 52 week low of $27.26 and a 52 week high of $34.88. The company has a market cap of $175.28 billion, a price-to-earnings ratio of 8.37 and a beta of 0.18.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings data on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%. The company had revenue of $13.01 billion during the quarter, compared to analysts’ expectations of $12.98 billion. On average, analysts predict that China Merchants Bank will post 4.57 earnings per share for the current fiscal year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Founded in 1987, it provides banking and financial services to individuals, businesses, and institutional clients through its operations in mainland China and selected international markets.

The bank’s retail banking activities include deposits, consumer and mortgage lending, credit cards, wealth management, private banking, payments, and digital banking services. Its corporate and institutional businesses provide working-capital and other loans, trade finance, cash management, investment banking, custody, foreign-exchange services, and financial-market products.

China Merchants Bank also operates through subsidiaries and affiliates involved in areas such as wealth management, financial leasing, fund management, and securities and investment services.