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

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 11,700 shares, a decrease of 82.7% from the October 15th total of 67,600 shares. Based on an average daily volume of 131,800 shares, the short-interest ratio is presently 0.1 days.

Industrial and Commercial Bank of China Price Performance

IDCBY stock traded down $0.34 during mid-day trading on Tuesday, reaching $11.82. The company had a trading volume of 42,344 shares, compared to its average volume of 61,234. The company has a market capitalization of $210.64 billion, a price-to-earnings ratio of 4.43 and a beta of 0.12. Industrial and Commercial Bank of China has a 52 week low of $8.98 and a 52 week high of $12.86. The stock has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $11.53.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its earnings results on Wednesday, October 30th. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $27.53 billion during the quarter.

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.