China CITIC Bank Co. Limited (OTCMKTS:CHCJY) Sees Significant Decline in Short Interest

China CITIC Bank Co. Limited (OTCMKTS:CHCJY) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 300 shares, a decrease of 72.7% from the October 31st total of 1,100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.4 days.

China CITIC Bank Price Performance

CHCJY stock remained flat at $11.60 during midday trading on Wednesday. 8 shares of the company’s stock were exchanged, compared to its average volume of 234. The stock’s 50 day moving average price is $12.84 and its 200-day moving average price is $12.29. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.87. China CITIC Bank has a 1 year low of $8.63 and a 1 year high of $14.02.

China CITIC Bank (OTCMKTS:CHCJY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter. The company had revenue of $7.43 billion during the quarter. China CITIC Bank had a return on equity of 8.82% and a net margin of 17.31%.

China CITIC Bank Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, December 12th will be given a $0.5105 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

About China CITIC Bank

China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates in segments, such as Corporate Banking, Retail Banking, and Financial Market business. It accepts deposits; offers corporate and personal loans; and provides securities agency, remittance and settlement, and guarantee services, as well as investment banking and international services.