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ICICI Bank (NYSE:IBN) hit a new 52-week high on Tuesday , American Banking & Market News reports. The company traded as high as $54.74 and last traded at $54.73, with a volume of 822,338 shares trading hands. The stock had previously closed at $53.50.

The stock’s 50-day moving average is $50.97 and its 200-day moving average is $46.22. The company has a market cap of $31.544 billion and a price-to-earnings ratio of 16.87. ICICI Bank also was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 1,225,958 shares, an increase of 47.6% from the July 31st total of 830,604 shares. Based on an average daily trading volume, of 913,532 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the shares of the stock are sold short.

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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