China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,500 shares, agrowthof161.9% from the June 30th total of 2,100 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 0.2 days.
China Merchants Bank Price Performance
Shares of CIHKY remained flat at $32.28 during trading on Thursday. The company's stock had a trading volume of 7,913 shares, compared to its average volume of 27,222. The business's fifty day moving average price is $33.17 and its two-hundred day moving average price is $30.41. The company has a market cap of $162.82 billion, a P/E ratio of 8.28 and a beta of 0.35. China Merchants Bank has a one year low of $18.20 and a one year high of $37.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.82 and a current ratio of 0.82.
China Merchants Bank Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, July 4th will be paid a $1.182 dividend. The ex-dividend date is Thursday, July 3rd. This is an increase from China Merchants Bank's previous dividend of $1.05. This represents a yield of 336.0%. China Merchants Bank's payout ratio is presently 30.26%.
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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