China CITIC Bank Co. Limited (OTCMKTS:CHCJY) Sees Significant Drop in Short Interest

China CITIC Bank Co. Limited (OTCMKTS:CHCJY) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 300 shares, a decrease of 50.0% from the July 31st total of 600 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 0.8 days.

China CITIC Bank Price Performance

CHCJY remained flat at $12.70 during trading on Friday. The company had a trading volume of 5 shares, compared to its average volume of 950. China CITIC Bank has a twelve month low of $8.56 and a twelve month high of $13.64. The company has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $11.33. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $31.07 billion, a P/E ratio of 3.88 and a beta of 0.04.

China CITIC Bank Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 5th were issued a $0.8323 dividend. The ex-dividend date of this dividend was Friday, July 5th. China CITIC Bank’s payout ratio is 23.55%.

China CITIC Bank Company Profile

China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates in segments, such as Corporate Banking, Retail Banking, and Financial Market business. It accepts deposits; offers corporate and personal loans; and provides securities agency, remittance and settlement, and guarantee services, as well as investment banking and international services.