China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 445 shares, a decrease of 59.7% from the September 30th total of 1,103 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 98 shares, the days-to-cover ratio is currently 4.5 days.
China CITIC Bank Stock Performance
CHCJY stock opened at $21.33 on Thursday. The stock's 50 day simple moving average is $20.68 and its 200 day simple moving average is $19.57. China CITIC Bank has a 12-month low of $16.00 and a 12-month high of $22.30. The firm has a market cap of $52.19 billion, a P/E ratio of 6.18 and a beta of 0.31. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22.
China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.79 EPS for the quarter. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.27 billion. China CITIC Bank had a net margin of 20.81% and a return on equity of 8.35%. As a group, equities research analysts predict that China CITIC Bank will post 3.93 EPS for the current year.
Analysts Set New Price Targets
Separately, Zacks Research downgraded China CITIC Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of "Hold".
View Our Latest Report on CHCJY
About China CITIC Bank
(
Get Free Report)
China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a member of CITIC Group, a major Chinese financial and industrial conglomerate. Established in 1987, the bank provides banking and financial services to corporate, institutional and individual customers in China and selected international markets.
The bank's corporate banking activities include deposits, loans, trade finance, transaction banking, cash management and settlement services. It also provides financing and advisory services to businesses, government-related entities and financial institutions, with coverage across sectors such as manufacturing, infrastructure, energy and technology.
For individual customers, China CITIC Bank offers deposits, personal lending, credit cards, wealth management, payments and other retail banking products.
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