The short-term stake in China Merchants Bank Co., Ltd. (OTCMKTS: CIHKY) increased by 60.0%

China Merchants Bank Co., Ltd. (OTCMKTS: CIHKYGet a rating) saw strong growth in short-term interest during the month of October. As of October 31, there were short interests totaling 800 shares, a growth of 60.0% from the total of 500 shares as of October 15. Based on an average daily volume of 161,200 shares, the short-term interest rate ratio is currently 0.0 day.

China Merchants Bank trades up 9.6%

OTCMKTS: CIHKY traded at $1.89 during the midday session on Friday, reaching $21.49. 54,480 shares of the stock have been traded, compared to its average volume of 78,503. The stock has a market capitalization of $108.39 billion, a price-earnings ratio of 5.50 and a beta of 0 .51. China Merchants Bank has a 52-week low of $16.04 and a 52-week high of $45.05. The company’s 50-day moving average is $21.66 and its two-hundred-day moving average is $26.24. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt ratio of 0.39.

China Merchants Bank (OTCMKTS: CIHKYGet 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 for the quarter. China Merchants Bank posted a net margin of 28.85% and a return on equity of 15.41%.

Analysts set new price targets

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

China Merchants Bank Company Profile

(Get a rating)

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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