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

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 38,400 shares, a growth of 937.8% from the August 15th total of 3,700 shares. Based on an average daily trading volume, of 137,500 shares, the days-to-cover ratio is presently 0.3 days.

China Merchants Bank Stock Performance

China Merchants Bank stock opened at $20.54 on Thursday. The stock has a market cap of $103.60 billion, a PE ratio of 5.17 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. China Merchants Bank has a 12-month low of $16.04 and a 12-month high of $33.99. The business’s 50-day moving average price is $21.32 and its two-hundred day moving average price is $23.56.

China Merchants Bank (OTCMKTS:CIHKY) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.99 EPS for the quarter. China Merchants Bank had a return on equity of 15.22% and a net margin of 30.46%. The firm had revenue of $12.43 billion during the quarter.

China Merchants Bank Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, July 5th were issued a dividend of $1.0495 per share. The ex-dividend date was Monday, July 3rd. This is an increase from China Merchants Bank’s previous dividend of $0.98. China Merchants Bank’s dividend payout ratio is 26.20%.

China Merchants Bank Company Profile

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.