China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,100 shares, a decrease of 67.6% from the November 30th total of 3,400 shares. Based on an average trading volume of 104,700 shares, the days-to-cover ratio is presently 0.0 days.
China Merchants Bank Price Performance
OTCMKTS CIHKY traded down $0.11 during mid-day trading on Thursday, hitting $25.64. The stock had a trading volume of 23,994 shares, compared to its average volume of 56,768. The firm's 50 day moving average is $24.27 and its 200 day moving average is $22.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $129.33 billion, a price-to-earnings ratio of 6.59 and a beta of 0.34. China Merchants Bank has a twelve month low of $15.90 and a twelve month high of $31.17.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.06 earnings per share for the quarter. The firm had revenue of $11.05 billion for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.43%.
About China Merchants Bank
(
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China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.
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