China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Decline in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,100 shares, a decline of 67.6% from the November 30th total of 3,400 shares. Based on an average trading volume of 104,700 shares, the short-interest ratio is presently 0.0 days.

China Merchants Bank Stock Performance

Shares of OTCMKTS:CIHKY traded down $0.21 during midday trading on Friday, hitting $25.43. The company had a trading volume of 23,183 shares, compared to its average volume of 56,634. The company has a market cap of $128.27 billion, a price-to-earnings ratio of 6.54 and a beta of 0.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day moving average of $24.27 and a two-hundred day moving average of $22.75. China Merchants Bank has a 12-month low of $15.90 and a 12-month high of $31.17.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.06 EPS for the quarter. China Merchants Bank had a return on equity of 13.43% and a net margin of 30.16%. The business had revenue of $11.05 billion during the quarter.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.