ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 27,550,000 shares, a growth of 10.0% from the March 31st total of 25,040,000 shares. Based on an average daily trading volume, of 5,710,000 shares, the days-to-cover ratio is currently 4.8 days.

ICICI Bank Stock Up 3.6 %

IBN opened at $27.48 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. The business has a 50-day moving average of $26.01 and a two-hundred day moving average of $24.37. ICICI Bank has a 12 month low of $21.89 and a 12 month high of $27.80.

Institutional Trading of ICICI Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its holdings in ICICI Bank by 1.8% in the 4th quarter. Clearbridge Investments LLC now owns 26,912 shares of the bank’s stock valued at $642,000 after buying an additional 472 shares during the period. Rehmann Capital Advisory Group grew its holdings in ICICI Bank by 4.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 12,748 shares of the bank’s stock valued at $295,000 after buying an additional 499 shares during the period. Fifth Third Bancorp grew its holdings in ICICI Bank by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 67,486 shares of the bank’s stock valued at $1,560,000 after buying an additional 514 shares during the period. Drive Wealth Management LLC grew its holdings in ICICI Bank by 5.4% in the 4th quarter. Drive Wealth Management LLC now owns 10,662 shares of the bank’s stock valued at $254,000 after buying an additional 551 shares during the period. Finally, Sivia Capital Partners LLC grew its holdings in ICICI Bank by 3.4% in the 1st quarter. Sivia Capital Partners LLC now owns 19,515 shares of the bank’s stock valued at $515,000 after buying an additional 634 shares during the period. Hedge funds and other institutional investors own 18.18% of the company’s stock.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.