Short Interest in China Merchants Bank Co. (OTCMKTS:CIHKY) Rises By 125.8%

China Merchants Bank Co. (OTCMKTS:CIHKY) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 13,868 shares, a growth of 125.8% from the July 15th total of 6,141 shares. Based on an average daily volume of 55,194 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

China Merchants Bank Trading Down 0.4%

CIHKY opened at $30.67 on Friday. The stock has a market cap of $154.70 billion, a PE ratio of 7.61 and a beta of 0.21. The stock’s fifty day simple moving average is $30.28 and its 200 day simple moving average is $30.78. China Merchants Bank has a 1-year low of $27.26 and a 1-year high of $34.88.

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.