China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Up 69.1% in July

Key Points

• China Merchants Bank Co. saw a significant **69.1% increase** in short interest in July, rising from 5,500 shares to 9,300 shares by the end of the month.
• The bank recently **increased its dividend** to $1.182, up from the previous dividend of $1.05, reflecting a substantial yield of **336.0%**.
• As of now, the bank's shares have experienced a twelve-month range from **$18.20 to $37.15**, with a current stock price of **$31.03**.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 9,300 shares, anincreaseof69.1% from the July 15th total of 5,500 shares. Based on an average trading volume of 38,300 shares, the short-interest ratio is presently 0.2 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 38,300 shares, the short-interest ratio is presently 0.2 days.

China Merchants Bank Price Performance

Shares of OTCMKTS:CIHKY traded up $0.1340 on Friday, hitting $31.3940. The company's stock had a trading volume of 25,404 shares, compared to its average volume of 21,036. The company has a 50-day simple moving average of $33.05 and a 200 day simple moving average of $30.77. China Merchants Bank has a 1 year low of $18.20 and a 1 year high of $37.15. The company has a market capitalization of $158.35 billion, a PE ratio of 8.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82.

China Merchants Bank Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, July 4th were issued a $1.182 dividend. This represents a dividend yield of 336.0%. The ex-dividend date of this dividend was Thursday, July 3rd. This is an increase from China Merchants Bank's previous dividend of $1.05. China Merchants Bank's payout ratio is 30.26%.

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.