Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Sees Significant Growth in Short Interest

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 67,600 shares, an increase of 1,200.0% from the September 30th total of 5,200 shares. Based on an average trading volume of 208,400 shares, the days-to-cover ratio is presently 0.3 days.

Industrial and Commercial Bank of China Price Performance

OTCMKTS IDCBY traded down $0.09 on Friday, reaching $12.10. The stock had a trading volume of 49,160 shares, compared to its average volume of 71,954. Industrial and Commercial Bank of China has a 1-year low of $8.98 and a 1-year high of $12.86. The firm has a fifty day moving average of $11.70 and a two-hundred day moving average of $11.37. The company has a market cap of $215.63 billion, a P/E ratio of 4.34 and a beta of 0.12.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.64 EPS for the quarter. The business had revenue of $26.49 billion for the quarter.

Industrial and Commercial Bank of China Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.