Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Short Interest Down 92.4% in September

Key Points

• Short interest in Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) decreased by 92.4% in September, dropping to 1,800 shares from 23,800 shares.
• The company reported earnings per share (EPS) of $0.64 for the last quarter, missing analysts' estimates of $0.68.
• As of now, the stock price for IDCBY is $15.04 with a market capitalization of $268.02 billion.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,800 shares, a decrease of 92.4% from the September 15th total of 23,800 shares. Based on an average trading volume of 90,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 90,500 shares, the days-to-cover ratio is currently 0.0 days.

Industrial & Commercial Bank of China Ltd. Price Performance

Shares of IDCBY traded up $0.32 during midday trading on Thursday, reaching $15.04. The stock had a trading volume of 32,723 shares, compared to its average volume of 50,969. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $268.02 billion, a price-to-earnings ratio of 5.59 and a beta of 0.18. The company's 50-day moving average is $14.94 and its 200 day moving average is $14.79. Industrial & Commercial Bank of China Ltd. has a 12-month low of $11.32 and a 12-month high of $16.60.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) last issued its quarterly earnings data on Friday, August 29th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). The company had revenue of $27.44 billion for the quarter, compared to analysts' expectations of $196.94 billion. Industrial & Commercial Bank of China Ltd. had a net margin of 23.66% and a return on equity of 9.11%.

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.

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