Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sees Large Decrease in Short Interest

Key Points

• Industrial & Commercial Bank of China Ltd. experienced a **28.2% decline** in short interest, with only **26,800 shares** sold short as of July 31st, representing **0.0%** of the company's shares.
• The bank has announced an **increased dividend** of **$0.3506** per share, payable on September 5th, up from the previous **$0.30**, which translates to a significant yield of **417.0%**.
• As of the latest market data, shares of the bank were trading at **$14.96**, with a market cap of **$266.59 billion** and a P/E ratio of **5.56**.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 26,800 shares, adecreaseof28.2% from the July 15th total of 37,300 shares. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.4 days.

Industrial & Commercial Bank of China Ltd. Price Performance

OTCMKTS IDCBY traded down $0.16 on Monday, hitting $15.17. The stock had a trading volume of 21,091 shares, compared to its average volume of 37,613. Industrial & Commercial Bank of China Ltd. has a 52-week low of $10.3840 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $270.33 billion, a price-to-earnings ratio of 5.64 and a beta of 0.18. The firm has a 50-day moving average of $15.58 and a 200-day moving average of $14.66.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, July 4th will be paid a $0.3506 dividend. The ex-dividend date is Thursday, July 3rd. This represents a yield of 417.0%. This is a boost from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio is currently 26.02%.

Industrial & Commercial Bank of China Ltd. Company Profile

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.