China Construction Bank Co. (OTCMKTS:CICHY) Sees Significant Decline in Short Interest

China Construction Bank Co. (OTCMKTS:CICHY) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 23,500 shares, a decline of 60.4% from the December 31st total of 59,300 shares. Based on an average daily volume of 114,400 shares, the days-to-cover ratio is presently 0.2 days.

China Construction Bank Stock Performance

OTCMKTS:CICHY traded down $0.18 on Wednesday, hitting $16.28. The stock had a trading volume of 128,221 shares, compared to its average volume of 62,966. The firm’s fifty day simple moving average is $15.77 and its two-hundred day simple moving average is $15.07. The stock has a market cap of $203.51 billion, a P/E ratio of 4.48 and a beta of 0.06. China Construction Bank has a 1 year low of $11.60 and a 1 year high of $16.96.

China Construction Bank (OTCMKTS:CICHY) last issued its earnings results on Wednesday, October 30th. The company reported $0.98 earnings per share (EPS) for the quarter. China Construction Bank had a return on equity of 10.44% and a net margin of 24.10%. The firm had revenue of $47.02 billion for the quarter.

China Construction Bank Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 3rd will be given a $0.4178 dividend. The ex-dividend date of this dividend is Friday, January 3rd. China Construction Bank’s dividend payout ratio (DPR) is presently 23.14%.

About China Construction Bank

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.