China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 11,900 shares, a decrease of 86.6% from the January 15th total of 88,600 shares. Based on an average daily volume of 92,900 shares, the short-interest ratio is presently 0.1 days.
China Merchants Bank Price Performance
Shares of OTCMKTS CIHKY traded up $0.61 during midday trading on Friday, reaching $28.82. The stock had a trading volume of 24,377 shares, compared to its average volume of 44,484. The stock has a 50-day moving average of $26.01 and a 200-day moving average of $23.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $145.37 billion, a price-to-earnings ratio of 7.41 and a beta of 0.31. China Merchants Bank has a 12-month low of $18.20 and a 12-month high of $31.17.
China Merchants Bank Company Profile
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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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