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 significant increase in short interest in November. As of November 30th, there was short interest totalling 31,500 shares, an increase of 191.7% from the November 15th total of 10,800 shares. Based on an average daily trading volume, of 64,300 shares, the short-interest ratio is presently 0.5 days.

Industrial and Commercial Bank of China Trading Down 0.5 %

Shares of OTCMKTS IDCBY traded down $0.06 during trading on Wednesday, reaching $12.30. 16,612 shares of the stock were exchanged, compared to its average volume of 60,798. The business’s 50-day moving average price is $12.08 and its 200 day moving average price is $11.62. Industrial and Commercial Bank of China has a twelve month low of $8.98 and a twelve month high of $12.86.

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

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.3018 per share. The ex-dividend date of this dividend 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.