China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) Sees Significant Drop in Short Interest

China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 80.0% from the October 31st total of 500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

China Minsheng Banking Price Performance

CMAKY stock traded up $0.12 during trading on Wednesday, hitting $3.88. 1,921 shares of the stock traded hands, compared to its average volume of 1,245. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 4.26 and a beta of 0.25. China Minsheng Banking has a 1 year low of $3.15 and a 1 year high of $4.69. The firm’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.68.

China Minsheng Banking (OTCMKTS:CMAKY) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $5.03 billion during the quarter. China Minsheng Banking had a net margin of 11.39% and a return on equity of 5.47%.

China Minsheng Banking Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.1278 per share. The ex-dividend date of this dividend is Wednesday, October 30th. China Minsheng Banking’s payout ratio is currently 28.57%.

About China Minsheng Banking

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.