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Short Interest in Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Decreases By 90.9%

Industrial and Commercial Bank of China logo with Finance background

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY - Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 5,000 shares, a drop of 90.9% from the April 30th total of 55,000 shares. Based on an average trading volume of 82,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Industrial and Commercial Bank of China Price Performance

IDCBY stock traded up $0.03 during midday trading on Monday, reaching $14.44. 40,203 shares of the stock were exchanged, compared to its average volume of 46,842. The company has a fifty day moving average price of $13.87 and a 200 day moving average price of $13.46. Industrial and Commercial Bank of China has a 52 week low of $10.38 and a 52 week high of $14.96. The stock has a market capitalization of $257.33 billion, a PE ratio of 5.29 and a beta of 0.12. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). The company had revenue of $25.31 billion during the quarter, compared to analyst estimates of $199.75 billion. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.

About Industrial and Commercial Bank of China

(Get Free Report)

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.

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