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

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 target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 34,700 shares, agrowthof29.5% from the July 31st total of 26,800 shares. Based on an average daily volume of 69,700 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 69,700 shares, the short-interest ratio is presently 0.5 days.

Industrial & Commercial Bank of China Ltd. Trading Up 1.3%

IDCBY traded up $0.20 during midday trading on Tuesday, reaching $15.06. 30,598 shares of the company's stock traded hands, compared to its average volume of 45,056. 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 $10.38 and a 52 week high of $16.60. The firm has a fifty day moving average of $15.35 and a two-hundred day moving average of $14.69. The stock has a market capitalization of $268.37 billion, a price-to-earnings ratio of 5.60 and a beta of 0.21.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) last issued its quarterly earnings data on Friday, August 29th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $27.44 billion during the quarter, compared to analysts' expectations of $196.94 billion. Industrial & Commercial Bank of China Ltd. had a return on equity of 9.11% and a net margin of 23.66%.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 5th. Investors of record on Friday, July 4th were given a dividend of $0.3506 per share. This represents a dividend yield of 417.0%. This is an increase from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. The ex-dividend date of this dividend was Thursday, July 3rd. Industrial & Commercial Bank of China Ltd.'s payout ratio is 26.39%.

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.

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