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

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 67,600 shares, an increase of 1,200.0% from the September 30th total of 5,200 shares. Based on an average trading volume of 208,400 shares, the short-interest ratio is currently 0.3 days.

Industrial and Commercial Bank of China Stock Down 0.7 %

IDCBY traded down $0.09 on Friday, hitting $12.10. The company had a trading volume of 48,294 shares, compared to its average volume of 62,622. The company has a market cap of $215.63 billion, a PE ratio of 4.34 and a beta of 0.12. Industrial and Commercial Bank of China has a 12-month low of $8.98 and a 12-month high of $12.86. The business’s fifty day simple moving average is $11.69 and its 200 day simple moving average is $11.35.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its quarterly earnings results on Friday, August 30th. The company reported $0.64 EPS for the quarter. The company had revenue of $26.49 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.