Short Interest in ICICI Bank Declines By 50.9% (IBN)
ICICI Bank (NYSE:IBN) was the recipient of a large 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, American Banking and Market News reports. Based on an average daily trading volume, of 1,355,867 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are short sold.
ICICI Bank (NYSE:IBN) opened at 53.55 on Wednesday. ICICI Bank has a 1-year low of $24.94 and a 1-year high of $54.05. The stock’s 50-day moving average is $50.16 and its 200-day moving average is $45.20. The company has a market cap of $30.921 billion and a P/E ratio of 17.02.
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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