Short Interest in Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Grows By 191.7%

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 31,500 shares, a growth of 191.7% from the November 15th total of 10,800 shares. Based on an average trading volume of 64,300 shares, the days-to-cover ratio is presently 0.5 days.

Industrial and Commercial Bank of China Stock Performance

Shares of Industrial and Commercial Bank of China stock traded down $0.06 during trading on Wednesday, reaching $12.30. The company’s stock had a trading volume of 16,612 shares, compared to its average volume of 60,798. The company has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.62. Industrial and Commercial Bank of China has a fifty-two week low of $8.98 and a fifty-two week high of $12.86.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last issued its earnings results on Wednesday, October 30th. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $27.53 billion during the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 3rd will be paid a dividend of $0.3018 per share. The ex-dividend date is Friday, January 3rd.

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.