China Construction Bank Co. (OTCMKTS:CICHY) Sees Large Decline in Short Interest

China Construction Bank Co. (OTCMKTS:CICHY) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 23,500 shares, a drop of 60.4% from the December 31st total of 59,300 shares. Based on an average daily trading volume, of 114,400 shares, the days-to-cover ratio is currently 0.2 days.

China Construction Bank Price Performance

CICHY traded up $0.06 during midday trading on Thursday, reaching $16.42. 95,685 shares of the company’s stock were exchanged, compared to its average volume of 79,215. China Construction Bank has a 1-year low of $11.60 and a 1-year high of $16.96. The stock has a market capitalization of $205.26 billion, a PE ratio of 4.52 and a beta of 0.06. The business’s 50-day moving average price is $15.79 and its 200 day moving average price is $15.08.

China Construction Bank (OTCMKTS:CICHY) last released its earnings results on Wednesday, October 30th. The company reported $0.98 EPS for the quarter. China Construction Bank had a net margin of 24.10% and a return on equity of 10.44%. The firm had revenue of $47.02 billion during the quarter.

China Construction Bank Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 3rd will be issued a $0.4178 dividend. The ex-dividend date is Friday, January 3rd. China Construction Bank’s payout ratio is 23.14%.

China Construction Bank Company Profile

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.