China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Up 416.7% in September

Key Points

• China Merchants Bank Co. experienced a significant increase in short interest in September, rising by 416.7% to reach a total of 3,100 shares.
• The bank's share price opened at $31.69, with a market capitalization of $159.83 billion and a P/E ratio of 8.08.
• In its last quarterly earnings report, China Merchants Bank reported an EPS of $0.97 and a net margin of 31.42% with revenue of $11.80 billion.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,100 shares, an increase of 416.7% from the September 15th total of 600 shares. Based on an average trading volume of 50,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 50,500 shares, the days-to-cover ratio is presently 0.1 days.

China Merchants Bank Trading Up 1.3%

OTCMKTS CIHKY opened at $31.69 on Friday. China Merchants Bank has a 12 month low of $21.91 and a 12 month high of $37.15. The company has a 50-day moving average of $30.61 and a 200-day moving average of $30.98. 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 company has a market cap of $159.83 billion, a P/E ratio of 8.08 and a beta of 0.34.

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

China Merchants Bank Company Profile

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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