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

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 15,600 shares, a decline of 58.3% from the January 31st total of 37,400 shares. Based on an average trading volume of 56,600 shares, the days-to-cover ratio is currently 0.3 days.

Industrial and Commercial Bank of China Stock Performance

Industrial and Commercial Bank of China stock opened at $14.13 on Friday. The business has a 50 day moving average of $13.47 and a 200-day moving average of $12.42. Industrial and Commercial Bank of China has a 1 year low of $9.63 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $251.80 billion, a P/E ratio of 5.18 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. Shareholders of record on Friday, January 3rd were issued a dividend of $0.3018 per share. 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.