China Construction Bank Corp. (OTCMKTS:CICHY) Sees Significant Increase in Short Interest

Key Points

• China Construction Bank Corp. (OTCMKTS:CICHY) experienced a 221.1% increase in short interest in August, rising from 3,800 shares to 12,200 shares.
• The company's stock is currently priced at $20.31 with a market cap of approximately $253.91 billion and a P/E ratio of 5.64.
• For the last earnings report, China Construction Bank reported $0.88 earnings per share and revenue of $24.73 billion, meeting analyst expectations.

China Construction Bank Corp. (OTCMKTS:CICHY - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,200 shares, an increase of 221.1% from the August 15th total of 3,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 168,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 168,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

China Construction Bank Stock Up 0.1%

Shares of CICHY opened at $20.31 on Friday. The firm has a market cap of $253.91 billion, a P/E ratio of 5.64 and a beta of 0.22. The stock has a 50 day simple moving average of $20.37 and a two-hundred day simple moving average of $18.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.95. China Construction Bank has a 1 year low of $13.63 and a 1 year high of $22.27.

China Construction Bank (OTCMKTS:CICHY - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $24.73 billion during the quarter, compared to analyst estimates of $178.48 billion. China Construction Bank had a return on equity of 10.06% and a net margin of 24.99%.

About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.