Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) Short Interest Update

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 39,900 shares, an increase of 27.1% from the December 15th total of 31,400 shares. Based on an average daily trading volume, of 86,300 shares, the days-to-cover ratio is currently 0.5 days.

Industrial and Commercial Bank of China Stock Down 0.6 %

OTCMKTS IDCBY traded down $0.08 during trading hours on Friday, reaching $12.67. The company’s stock had a trading volume of 47,979 shares, compared to its average volume of 37,866. The firm has a fifty day simple moving average of $12.40 and a 200-day simple moving average of $11.87. Industrial and Commercial Bank of China has a 52 week low of $9.00 and a 52 week high of $13.60.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released 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 for the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 3rd will be given 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.