Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sees Large Increase in Short Interest

Key Points

• Short interest in Industrial & Commercial Bank of China Ltd. increased by 136.1% in July, reaching a total of 37,300 shares.
• The company's stock is currently priced at $15.41, with a market capitalization of $274.61 billion and a P/E ratio of 5.73.
• Industrial & Commercial Bank of China Ltd. announced an increased dividend payment of $0.3506 per share, effective September 5th, representing a yield of 417.0%.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 37,300 shares, anincreaseof136.1% from the June 30th total of 15,800 shares. Based on an average daily volume of 116,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 116,400 shares, the days-to-cover ratio is presently 0.3 days.

Industrial & Commercial Bank of China Ltd. Stock Down 1.0%

Shares of OTCMKTS:IDCBY opened at $15.50 on Thursday. The firm has a fifty day moving average price of $15.49 and a two-hundred day moving average price of $14.48. The company has a market cap of $276.21 billion, a price-to-earnings ratio of 5.76 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 one year low of $10.38 and a one year high of $16.60.

Industrial & Commercial Bank of China Ltd. Increases Dividend

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

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.