China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) Short Interest Down 80.0% in November

China Minsheng Banking Corp., Ltd. (OTCMKTS:CMAKY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 80.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.1 days.

China Minsheng Banking Stock Performance

China Minsheng Banking stock remained flat at $3.88 during trading hours on Thursday. The company’s stock had a trading volume of 21 shares, compared to its average volume of 1,245. China Minsheng Banking has a 12-month low of $3.15 and a 12-month high of $4.69. The company’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $3.68. The stock has a market cap of $16.97 billion, a P/E ratio of 4.26 and a beta of 0.25.

China Minsheng Banking (OTCMKTS:CMAKY) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter. The business had revenue of $5.03 billion for the quarter. China Minsheng Banking had a net margin of 11.39% and a return on equity of 5.47%.

China Minsheng Banking Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 17th. Investors of record on Wednesday, October 30th will be given a $0.1278 dividend. The ex-dividend date is Wednesday, October 30th. China Minsheng Banking’s dividend payout ratio is presently 27.47%.

China Minsheng Banking Company Profile

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.