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ICICI Bank (NYSE:IBN)’s share price hit a new 52-week high on Monday , Analyst Ratings Net reports. The company traded as high as $53.79 and last traded at $53.66, with a volume of 679,517 shares. The stock had previously closed at $51.97.

The stock has a 50-day moving average of $49.92 and a 200-day moving average of $44.72. The company has a market cap of $30.973 billion and a price-to-earnings ratio of 16.51. ICICI Bank also was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 830,604 shares, a drop of 50.9% from the July 15th total of 1,692,165 shares. Based on an average trading volume of 1,355,867 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

ICICI Bank Limited (NYSE:IBN) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations.

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