Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Decreases By 26.9%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, a drop of 26.9% from the May 31st total of 6,700 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 0.1 days.

China Merchants Bank Trading Up 0.2 %

CIHKY stock traded up $0.04 during mid-day trading on Monday, hitting $22.58. The stock had a trading volume of 33,778 shares, compared to its average volume of 66,125. China Merchants Bank has a 52 week low of $15.57 and a 52 week high of $25.55. The firm has a market capitalization of $113.89 billion, a P/E ratio of 5.76 and a beta of 0.37. The firm has a fifty day simple moving average of $22.74 and a 200 day simple moving average of $20.00.

China Merchants Bank (OTCMKTS:CIHKY) last released its earnings results on Monday, April 29th. The company reported $1.05 EPS for the quarter. China Merchants Bank had a net margin of 29.99% and a return on equity of 14.92%. The firm had revenue of $10.38 billion for 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.