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

Key Points

• Short interest in Industrial & Commercial Bank of China Ltd. surged by 85.9% in September, reaching a total of 23,800 shares compared to 12,800 shares at the end of August.
• The company reported earnings of $0.64 EPS for the last quarter, missing analysts' estimates of $0.68 by $0.04.
• As of the latest trading, stock prices have moved down 0.3% to $14.59, with a market capitalization of $260 billion.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,800 shares, a growth of 85.9% from the August 31st total of 12,800 shares. Based on an average daily volume of 81,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 81,500 shares, the short-interest ratio is presently 0.3 days.

Industrial & Commercial Bank of China Ltd. Trading Down 0.3%

IDCBY traded down $0.04 during midday trading on Friday, reaching $14.59. 33,862 shares of the company's stock traded hands, compared to its average volume of 39,625. The firm has a fifty day moving average of $15.08 and a two-hundred day moving average of $14.78. The stock has a market capitalization of $260.00 billion, a price-to-earnings ratio of 5.42 and a beta of 0.18. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.91. Industrial & Commercial Bank of China Ltd. has a 52 week low of $11.32 and a 52 week high of $16.60.

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