China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 28.6% in August

Key Points

• China Merchants Bank Co. experienced a 28.6% decline in short interest during August, with total short interest dropping from 700 shares to 500 shares as of August 31st.
• The bank reported a quarterly EPS of $0.97 on revenue of $11.80 billion, alongside a return on equity of 12.50% and a net margin of 31.42%.
• China Merchants Bank increased its dividend to $1.182, achieving a remarkable dividend yield of 336.0%, up from the previous dividend of $1.05.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 500 shares, a decline of 28.6% from the August 15th total of 700 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

China Merchants Bank Price Performance

Shares of China Merchants Bank stock opened at $30.76 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82. The business's 50 day simple moving average is $31.89 and its two-hundred day simple moving average is $31.07. The stock has a market capitalization of $155.15 billion, a P/E ratio of 7.85 and a beta of 0.35. China Merchants Bank has a one year low of $18.77 and a one year high of $37.15.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced its quarterly earnings results on Friday, August 29th. The company reported $0.97 EPS for the quarter. The business had revenue of $11.80 billion for the quarter. China Merchants Bank had a return on equity of 12.50% and a net margin of 31.42%.

China Merchants Bank Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 4th were given a $1.182 dividend. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 336.0%. This is an increase from China Merchants Bank's previous dividend of $1.05. China Merchants Bank's dividend payout ratio is 30.10%.

About China Merchants Bank

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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