ICICI Bank Limited (NYSE:IBN – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 29,540,000 shares, a growth of 11.7% from the July 15th total of 26,450,000 shares. Based on an average trading volume of 5,190,000 shares, the short-interest ratio is currently 5.7 days.
ICICI Bank Price Performance
Shares of IBN traded down $0.11 during trading hours on Monday, reaching $28.08. The company had a trading volume of 345,449 shares, compared to its average volume of 5,513,679. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $26.89. The company has a market capitalization of $98.78 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.32 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. ICICI Bank has a 12-month low of $21.89 and a 12-month high of $29.66.
ICICI Bank Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, January 1st were paid a dividend of $0.2028 per share. The ex-dividend date was Monday, August 12th. This is a boost from ICICI Bank’s previous annual dividend of $0.11. This represents a dividend yield of 0.4%. ICICI Bank’s payout ratio is currently 14.39%.
Institutional Investors Weigh In On ICICI Bank
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.
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