China Merchants Bank Co. (OTCMKTS:CIHKY) Sees Large Growth in Short Interest

China Merchants Bank Co. (OTCMKTS:CIHKY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 19,125 shares, an increase of 295.1% from the May 31st total of 4,841 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 92,616 shares, the days-to-cover ratio is currently 0.2 days.

China Merchants Bank Trading Up 0.7%

OTCMKTS CIHKY opened at $28.69 on Friday. The stock has a market cap of $144.71 billion, a PE ratio of 7.12 and a beta of 0.20. China Merchants Bank has a 12 month low of $28.00 and a 12 month high of $36.14. The company’s 50-day moving average price is $30.50 and its 200-day moving average price is $31.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12.

China Merchants Bank (OTCMKTS:CIHKY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. The company had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. Equities research analysts forecast that China Merchants Bank will post 4.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Merchants Bank to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, China Merchants Bank currently has a consensus rating of “Hold”.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.