Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Down 52.1% in January

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 37,400 shares, a drop of 52.1% from the January 15th total of 78,100 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 0.5 days.

Industrial and Commercial Bank of China Price Performance

IDCBY opened at $14.54 on Friday. The company’s 50 day simple moving average is $13.03 and its 200 day simple moving average is $12.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92. Industrial and Commercial Bank of China has a 1 year low of $9.63 and a 1 year high of $14.72. The stock has a market capitalization of $259.11 billion, a PE ratio of 5.02 and a beta of 0.07.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 3rd were issued a $0.3018 dividend. The ex-dividend date was Friday, January 3rd. Industrial and Commercial Bank of China’s payout ratio is 22.34%.

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.