Short Interest in China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Declines By 86.6%

China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 11,900 shares, a decrease of 86.6% from the January 15th total of 88,600 shares. Based on an average trading volume of 92,900 shares, the days-to-cover ratio is currently 0.1 days.

China Merchants Bank Price Performance

Shares of OTCMKTS:CIHKY traded up $0.67 on Wednesday, hitting $28.56. The company had a trading volume of 22,812 shares, compared to its average volume of 46,990. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. China Merchants Bank has a 52-week low of $18.20 and a 52-week high of $31.17. The business has a 50 day moving average of $25.70 and a 200 day moving average of $23.79. The company has a market cap of $144.06 billion, a PE ratio of 7.34 and a beta of 0.31.

China Merchants Bank Company Profile

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.