Lifestyle
China Merchants Holdings Sees Dramatic Surge in Short Interest
China Merchants Holdings International Co. has experienced a notable increase in short interest as of October 15, 2023. The company reported that short interest rose to 200 shares, marking a substantial increase of 100.0% from the previous total of 100 shares on September 30. With an average trading volume of 100 shares, this translates to a days-to-cover ratio of 2.0 days. Currently, approximately 0.0% of the company’s shares are short sold.
In terms of stock performance, shares of China Merchants Holdings opened at $19.80 on the last trading day. The company holds a 50-day moving average of $19.59 and a 200-day moving average of $18.16. Financial indicators show a debt-to-equity ratio of 0.11, alongside a quick ratio of 0.77 and a current ratio of 0.78. Over the past year, the stock has fluctuated between a twelve-month low of $15.05 and a high of $20.28.
Dividend Announcement
The company has also announced a dividend, set to be paid on December 4, 2023. Shareholders of record on September 30, 2023 will receive a dividend of $0.2732 per share, which represents a striking dividend yield of 522.0%. The ex-dividend date was on September 29, 2023.
China Merchants Holdings International operates primarily as a port operator across multiple regions, including Mainland China, Brazil, Hong Kong, and Taiwan. The company is structured into various segments, including Ports Operation, Bonded Logistics Operation, and Other Operations. Its activities encompass terminal operations for containers, bulk and general cargo, as well as logistics park operations and airport cargo handling.
This surge in short interest and the recent dividend announcement reflect the evolving landscape for China Merchants Holdings, which continues to play a pivotal role in the logistics and transportation sectors.
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