China Merchants Bank Co. (OTCMKTS:CIHKY) Short Interest Update

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 growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,300 shares, agrowthof69.1% from the July 15th total of 5,500 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 38,300 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 38,300 shares, the short-interest ratio is currently 0.2 days. Currently,0.0% of the shares of the company are sold short.

China Merchants Bank Stock Performance

China Merchants Bank stock traded up $0.15 during midday trading on Friday, reaching $31.41. 22,201 shares of the stock traded hands, compared to its average volume of 26,743. 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 firm has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $30.74. The firm has a market cap of $158.43 billion, a price-to-earnings ratio of 8.05 and a beta of 0.35. China Merchants Bank has a fifty-two week low of $18.20 and a fifty-two week high of $37.15.

China Merchants Bank Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 4th were paid a $1.182 dividend. 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 dividend payout ratio (DPR) is currently 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.