China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 21,200 shares, a growth of 4,140.0% from the March 15th total of 500 shares. Based on an average trading volume of 74,100 shares, the days-to-cover ratio is presently 0.3 days.
China Merchants Bank Price Performance
Shares of CIHKY stock traded down $0.38 during trading hours on Wednesday, reaching $19.97. 20,606 shares of the company traded hands, compared to its average volume of 88,529. The firm has a 50-day moving average price of $19.32 and a 200 day moving average price of $18.68. The company has a market cap of $100.73 billion, a P/E ratio of 5.16 and a beta of 0.39. China Merchants Bank has a 12-month low of $15.57 and a 12-month high of $26.70.
About China Merchants Bank
(
Get Free Report)
China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.
Read More
Before you consider China Merchants Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and China Merchants Bank wasn't on the list.
While China Merchants Bank currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
