Short Interest in ICICI Bank Limited (NYSE:IBN) Increases By 11.7%

ICICI Bank Limited (NYSE:IBN) 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

Several large investors have recently made changes to their positions in the business. Amansa Capital PTE. LTD. purchased a new position in ICICI Bank in the 4th quarter worth approximately $64,002,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ICICI Bank by 313.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,932,500 shares of the bank’s stock worth $77,447,000 after buying an additional 2,223,400 shares during the period. Keystone Investors PTE Ltd. lifted its holdings in ICICI Bank by 109.3% in the 4th quarter. Keystone Investors PTE Ltd. now owns 4,187,932 shares of the bank’s stock worth $99,840,000 after buying an additional 2,186,732 shares in the last quarter. Capital International Investors boosted its position in ICICI Bank by 11.5% in the 1st quarter. Capital International Investors now owns 20,827,332 shares of the bank’s stock valued at $550,050,000 after buying an additional 2,155,477 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of ICICI Bank by 7,273.1% in the second quarter. Marshall Wace LLP now owns 2,130,832 shares of the bank’s stock worth $61,389,000 after acquiring an additional 2,101,932 shares in the last quarter. Institutional investors and hedge funds own 18.18% of the company’s stock.

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.