ICICI Bank Limited (NYSE:IBN – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 15,540,000 shares, a growth of 7.0% from the October 15th total of 14,530,000 shares. Based on an average daily volume of 4,130,000 shares, the days-to-cover ratio is currently 3.8 days.
ICICI Bank Stock Down 0.3 %
IBN traded down $0.07 during trading hours on Friday, hitting $22.19. 4,252,185 shares of the company’s stock were exchanged, compared to its average volume of 4,951,556. The stock has a market cap of $77.74 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.71 and a beta of 0.96. ICICI Bank has a 1-year low of $19.34 and a 1-year high of $24.80. The stock’s 50-day moving average is $22.84 and its two-hundred day moving average is $23.10. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.79.
ICICI Bank (NYSE:IBN – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $2.91 billion during the quarter. ICICI Bank had a net margin of 24.23% and a return on equity of 16.36%. Sell-side analysts predict that ICICI Bank will post 1.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on ICICI Bank in a research report on Thursday, October 5th. They set a “hold” rating for the company.
ICICI Bank Company Profile
ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.
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