China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 20,100 shares, an increase of 1,727.3% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 71,200 shares, the short-interest ratio is currently 0.3 days.
China Merchants Bank Stock Performance
China Merchants Bank stock traded up $0.44 during trading hours on Friday, reaching $28.13. 41,049 shares of the company's stock traded hands, compared to its average volume of 46,269. China Merchants Bank has a fifty-two week low of $17.21 and a fifty-two week high of $31.17. The firm's 50 day moving average is $24.94 and its 200-day moving average is $23.43. The firm has a market capitalization of $141.89 billion, a price-to-earnings ratio of 7.23 and a beta of 0.31.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.06 earnings per share for the quarter. China Merchants Bank had a net margin of 30.16% and a return on equity of 13.43%. The business had revenue of $11.05 billion for the quarter.
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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