Short Interest in China Construction Bank Co. (OTCMKTS:CICHY) Decreases By 82.1%

China Construction Bank Co. (OTCMKTS:CICHY) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 6,600 shares, a drop of 82.1% from the March 15th total of 36,900 shares. Based on an average trading volume of 186,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

China Construction Bank Price Performance

China Construction Bank stock traded up $0.22 during mid-day trading on Tuesday, reaching $17.05. 59,357 shares of the company traded hands, compared to its average volume of 69,659. China Construction Bank has a 52-week low of $12.07 and a 52-week high of $18.59. The firm has a market capitalization of $213.13 billion, a price-to-earnings ratio of 4.70 and a beta of 0.07. The firm’s 50 day moving average price is $17.04 and its 200 day moving average price is $16.16.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings results on Friday, March 28th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). China Construction Bank had a net margin of 24.10% and a return on equity of 10.44%. The company had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $188.14 billion.

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.