China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Sees Significant Drop in Short Interest

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 100 shares, a drop of 95.7% from the July 15th total of 2,300 shares. Based on an average daily volume of 65,300 shares, the short-interest ratio is currently 0.0 days.

China Merchants Bank Stock Performance

Shares of OTCMKTS:CIHKY traded up $0.11 on Tuesday, hitting $20.80. 15,597 shares of the company were exchanged, compared to its average volume of 58,897. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $20.97. The firm has a market capitalization of $106.06 billion, a price-to-earnings ratio of 5.32 and a beta of 0.37. China Merchants Bank has a one year low of $15.57 and a one year high of $25.55.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.