China Merchants Bank Co., Ltd. (OTCMKTS:CIHKY) Brief Interest Update

China Merchants Bank Co., Ltd. (OTCMKTS: CIHKY- Get a rating) recorded a sharp increase in short-term interest in August. As of August 31, there was short interest totaling 3,500 shares, an increase of 84.2% from the total of 1,900 shares as of August 15. Based on an average trading volume of 112,200 shares, the short-term interest rate ratio is currently 0.0 day.

Wall Street analysts predict growth

Separately, Goldman Sachs Group upgraded China Merchants Bank shares from a “neutral” rating to a “buy” rating in a Wednesday, July 20 research report.

China Merchants Bank trades up 3.9%

OTCMKTS CIHKY traded at $0.97 during Thursday’s trading, reaching $25.97. The company’s shares had a trading volume of 42,859 shares, compared to an average volume of 55,114. The company has a market capitalization of $130.99 billion, a price-earnings ratio of 6.54 and a beta of 0.64. China Merchants Bank has a 12-month low of $24.08 and a 12-month high of $45.05. The company has a 50-day moving average price of $26.41 and a 200-day moving average price of $31.17.

China Merchants Bank (OTCMKTS: CIHKY – Get a rating) last released its results on Friday, August 19. The company reported EPS of $0.94 for the quarter. The company had revenue of $13.05 billion in the quarter. China Merchants Bank posted a net margin of 27.83% and a return on equity of 16.10%.

China Merchants Bank cuts dividends

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Stock with strong tailwind

Find out why many smart investors would consider this stock an anchor.

The company also recently announced a dividend, which was paid on Thursday, August 25. Shareholders of record on Thursday, July 7 received a dividend of $0.9777. This represents a dividend yield of 2.96%. The ex-dividend date was Wednesday, July 6. China Merchants Bank’s payout ratio is currently 25.39%.

China Merchants Bank Company Profile

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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 lending products include personal commercial real estate, consumer, housing and auto loans; loans to finance studies abroad; loans to micro-enterprises; equipment mortgages; joint surety, special surety and housing mortgage loan; banker’s acceptance, discount, liquid capital and capital loans; and loans for ships.

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