Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Down 52.1% in January

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 37,400 shares, a drop of 52.1% from the January 15th total of 78,100 shares. Based on an average daily volume of 81,000 shares, the days-to-cover ratio is presently 0.5 days.

Industrial and Commercial Bank of China Stock Up 0.6 %

Shares of IDCBY opened at $14.54 on Friday. Industrial and Commercial Bank of China has a 52 week low of $9.63 and a 52 week high of $14.72. The stock has a market capitalization of $259.11 billion, a price-to-earnings ratio of 5.33 and a beta of 0.07. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average of $13.03 and a 200-day moving average of $12.17.

Industrial and Commercial Bank of China Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 3rd were paid a $0.3018 dividend. The ex-dividend date was Friday, January 3rd. Industrial and Commercial Bank of China’s payout ratio is 22.34%.

About Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.