Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) sees a significant drop in short-term interest


Industrial and Commercial Bank of China Limited (OTCMKTS: IDCBYGet a rating) benefited from a significant drop in short-term interest in April. As of April 15, there was short interest totaling 116,400 shares, down 18.7% from the March 31 total of 143,200 shares. Based on an average trading volume of 242,900 shares, the day-to-cover ratio is currently 0.5 days.

Industrial and Commercial Bank of China shares opened at $11.79 on Tuesday. The company has a debt ratio of 1.20, a current ratio of 0.92 and a quick ratio of 0.92. The Industrial and Commercial Bank of China has a 1-year low of $10.33 and a 1-year high of $13.19. The stock has a market capitalization of $210.10 billion, a PE ratio of 4.06 and a beta of 0.31. The firm’s fifty-day simple moving average is $11.90.

Industrial and Commercial Bank of China (OTCMKTS: IDCBYGet a rating) last released its quarterly earnings data on Wednesday, March 30. The company reported EPS of $0.81 for the quarter. Industrial and Commercial Bank of China achieved a return on equity of 11.39% and a net margin of 26.38%. The company posted revenue of $33.94 billion for the quarter.

Industrial and Commercial Bank of China Company Profile (Get a rating)

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

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