Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Sees Large Increase in Short Interest

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 67,600 shares, an increase of 1,200.0% from the September 30th total of 5,200 shares. Based on an average daily trading volume, of 208,400 shares, the days-to-cover ratio is currently 0.3 days.

Industrial and Commercial Bank of China Stock Performance

IDCBY opened at $12.10 on Friday. The stock has a market cap of $215.63 billion, a price-to-earnings ratio of 4.34 and a beta of 0.12. The stock’s 50 day moving average price is $11.70 and its 200-day moving average price is $11.38. Industrial and Commercial Bank of China has a one year low of $8.98 and a one year high of $12.86.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its earnings results on Friday, August 30th. The company reported $0.64 EPS for the quarter. The business had revenue of $26.49 billion for the quarter.

Industrial and Commercial Bank of China Company Profile

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.