Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Update

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 15,600 shares, a drop of 58.3% from the January 31st total of 37,400 shares. Based on an average daily volume of 56,600 shares, the short-interest ratio is currently 0.3 days.

Industrial and Commercial Bank of China Stock Down 0.6 %

Shares of IDCBY stock traded down $0.09 on Friday, hitting $14.13. The company’s stock had a trading volume of 40,550 shares, compared to its average volume of 37,786. The stock has a market capitalization of $251.80 billion, a price-to-earnings ratio of 5.18 and a beta of 0.07. Industrial and Commercial Bank of China has a fifty-two week low of $9.63 and a fifty-two week high of $14.95. The firm’s fifty day moving average price is $13.47 and its 200-day moving average price is $12.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 3rd were given a dividend of $0.3018 per share. The ex-dividend date was Friday, January 3rd. Industrial and Commercial Bank of China’s payout ratio is currently 22.34%.

About Industrial and Commercial Bank of China

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.