Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Increases By 65.2%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 18,500 shares, a growth of 65.2% from the February 13th total of 11,200 shares. Based on an average daily trading volume, of 53,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

China Merchants Bank Price Performance

Shares of OTCMKTS:CIHKY traded up $0.80 during midday trading on Friday, reaching $32.30. 18,621 shares of the company’s stock were exchanged, compared to its average volume of 36,834. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50 day simple moving average is $27.86 and its two-hundred day simple moving average is $25.12. China Merchants Bank has a 12 month low of $18.20 and a 12 month high of $32.83. The firm has a market capitalization of $162.92 billion, a PE ratio of 8.30 and a beta of 0.30.

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.