Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Short Interest Up 29.5% in August

Key Points

• The short interest in Industrial & Commercial Bank of China Ltd. increased by 29.5% in August, totaling 34,700 shares as of August 15th.
• The bank reported a missed earnings estimate, with an EPS of $0.64 compared to the consensus of $0.68 for the previous quarter.
• In September, the company increased its dividend to $0.3506 per share, representing a yield of 417.0%, up from the previous $0.30 dividend.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 34,700 shares, a growth of 29.5% from the July 31st total of 26,800 shares. Based on an average daily volume of 69,700 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 69,700 shares, the days-to-cover ratio is currently 0.5 days.

Industrial & Commercial Bank of China Ltd. Trading Down 0.2%

Industrial & Commercial Bank of China Ltd. stock traded down $0.03 during trading hours on Friday, reaching $15.35. The stock had a trading volume of 21,653 shares, compared to its average volume of 47,468. The stock has a market cap of $273.49 billion, a PE ratio of 5.71 and a beta of 0.21. The company has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $14.72. 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 $10.73 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 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $27.44 billion during the quarter, compared to the consensus estimate of $196.94 billion.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, July 4th were issued a dividend of $0.3506 per share. This is a boost from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 417.0%. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio (DPR) is presently 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.