China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Down 92.5% in August

Key Points

• China Merchants Bank Co. experienced a significant decrease in short interest, down 92.5% from 9,300 shares in July to just 700 shares by August 15th.
• The bank recently announced an increase in its dividend, raising it to $1.182 per share with a notable dividend yield of 336.0%.
• As of the latest trading, China Merchants Bank's stock price decreased by 0.1%, trading at $30.84 with a market capitalization of $155.56 billion.

China Merchants Bank Co. (OTCMKTS:CIHKY - ) saw a large decrease in short interest in August. As of August 15th, there was short interest totaling 700 shares, adecreaseof92.5% from the July 31st total of 9,300 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.0 days.

China Merchants Bank Stock Down 0.1%

OTCMKTS CIHKY traded down $0.04 during trading hours on Tuesday, hitting $30.84. The company's stock had a trading volume of 13,016 shares, compared to its average volume of 26,750. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $155.56 billion, a PE ratio of 7.91 and a beta of 0.35. China Merchants Bank has a 52 week low of $18.20 and a 52 week high of $37.15. The company's 50-day simple moving average is $32.69 and its two-hundred day simple moving average is $30.94.

China Merchants Bank Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 4th were issued a dividend of $1.182 per share. The ex-dividend date of this dividend 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 payout ratio is presently 30.26%.

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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