Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the recipient of a large increase in short interest during 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 trading volume of 116,400 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 116,400 shares, the short-interest ratio is presently 0.3 days.
Industrial & Commercial Bank of China Ltd. Trading Up 0.2%
Shares of OTCMKTS:IDCBY traded up $0.03 during trading on Friday, reaching $15.69. The company's stock had a trading volume of 59,824 shares, compared to its average volume of 35,385. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. Industrial & Commercial Bank of China Ltd. has a 12 month low of $10.38 and a 12 month high of $16.60. The firm's 50 day simple moving average is $15.54 and its two-hundred day simple moving average is $14.52. The stock has a market capitalization of $279.60 billion, a PE ratio of 5.83 and a beta of 0.18.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, July 4th will be paid a $0.3506 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase 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 payout ratio is 26.02%.
Industrial & Commercial Bank of China Ltd. Company Profile
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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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