Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY - Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 37,400 shares, a decline of 52.1% from the January 15th total of 78,100 shares. Based on an average daily volume of 81,000 shares, the days-to-cover ratio is presently 0.5 days.
Industrial and Commercial Bank of China Stock Down 1.3 %
OTCMKTS:IDCBY traded down $0.19 on Wednesday, hitting $14.30. The stock had a trading volume of 13,311 shares, compared to its average volume of 38,391. Industrial and Commercial Bank of China has a 1 year low of $9.63 and a 1 year high of $14.72. The firm's fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $12.26. The stock has a market cap of $254.83 billion, a P/E ratio of 5.24 and a beta of 0.07. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92.
Industrial and Commercial Bank of China Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 3rd were given a $0.3018 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Industrial and Commercial Bank of China's dividend payout ratio is currently 22.34%.
About Industrial and Commercial Bank of China
(
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Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
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