ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 24,230,000 shares, a decrease of 6.4% from the December 15th total of 25,890,000 shares. Based on an average daily volume of 4,420,000 shares, the days-to-cover ratio is currently 5.5 days.

Hedge Funds Weigh In On ICICI Bank

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Investing LLC raised its holdings in ICICI Bank by 10.4% during the 4th quarter. Inspire Investing LLC now owns 34,656 shares of the bank’s stock worth $1,035,000 after buying an additional 3,269 shares during the period. Janney Montgomery Scott LLC increased its position in shares of ICICI Bank by 9.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,075 shares of the bank’s stock worth $838,000 after acquiring an additional 2,341 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of ICICI Bank by 164.1% during the fourth quarter. SG Americas Securities LLC now owns 44,661 shares of the bank’s stock worth $1,334,000 after acquiring an additional 27,750 shares during the period. Atomi Financial Group Inc. lifted its position in ICICI Bank by 20.9% in the 4th quarter. Atomi Financial Group Inc. now owns 40,535 shares of the bank’s stock valued at $1,210,000 after acquiring an additional 6,998 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in ICICI Bank by 2.1% in the 4th quarter. Perpetual Ltd now owns 1,222,207 shares of the bank’s stock worth $36,495,000 after purchasing an additional 25,521 shares during the period. 18.18% of the stock is owned by institutional investors.

ICICI Bank Trading Down 2.3 %

NYSE IBN traded down $0.66 on Friday, reaching $28.15. The company had a trading volume of 3,820,246 shares, compared to its average volume of 2,501,369. The stock’s 50 day moving average is $30.15 and its 200-day moving average is $29.62. ICICI Bank has a 52 week low of $23.32 and a 52 week high of $32.14. The stock has a market cap of $99.33 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.74.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.