Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Short Interest Update

Key Points

• Short interest in Industrial & Commercial Bank of China Ltd. decreased by 63.1% in August, dropping to 12,800 shares from 34,700 shares, indicating a low level of investor pessimism.
• The bank's earnings results on August 29th missed expectations, reporting earnings per share (EPS) of $0.64 against a consensus of $0.68, with revenue significantly lower than anticipated.
• Recently, the company declared a dividend increase to $0.3506 per share, representing a yield of 417.0%, up from the previous $0.30, reflecting strong shareholder returns.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 12,800 shares, a decrease of 63.1% from the August 15th total of 34,700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Industrial & Commercial Bank of China Ltd. Price Performance

Industrial & Commercial Bank of China Ltd. stock opened at $15.35 on Friday. The stock has a market capitalization of $273.49 billion, a price-to-earnings ratio of 5.71 and a beta of 0.21. Industrial & Commercial Bank of China Ltd. has a 52-week low of $10.73 and a 52-week high of $16.60. The stock's 50 day moving average price is $15.32 and its two-hundred day moving average price is $14.72. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.91 and a current ratio of 0.91.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $27.44 billion for the quarter, compared to the consensus estimate of $196.94 billion. Industrial & Commercial Bank of China Ltd. had a return on equity of 9.11% and a net margin of 23.66%.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, July 4th were issued a dividend of $0.3506 per share. This represents a dividend yield of 417.0%. The ex-dividend date was Thursday, July 3rd. This is a positive change from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio (DPR) is currently 26.02%.

About Industrial & Commercial Bank of China Ltd.

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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