ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 30,100,000 shares, a decrease of 7.6% from the October 31st total of 32,590,000 shares. Based on an average trading volume of 5,430,000 shares, the days-to-cover ratio is presently 5.5 days.

ICICI Bank Price Performance

IBN stock remained flat at $30.55 during trading on Monday. The company had a trading volume of 6,811,371 shares, compared to its average volume of 5,485,108. ICICI Bank has a 1 year low of $23.16 and a 1 year high of $31.60. The company has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $28.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $107.76 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.04 and a beta of 1.02.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ICICI Bank from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th.

Institutional Investors Weigh In On ICICI Bank

Large investors have recently modified their holdings of the stock. Asset Dedication LLC raised its position in ICICI Bank by 620.0% during the 3rd quarter. Asset Dedication LLC now owns 1,008 shares of the bank’s stock worth $30,000 after buying an additional 868 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of ICICI Bank during the third quarter worth about $50,000. Tsfg LLC purchased a new position in ICICI Bank during the third quarter worth about $53,000. Hobbs Group Advisors LLC acquired a new position in ICICI Bank during the 3rd quarter worth approximately $54,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of ICICI Bank by 22.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,875 shares of the bank’s stock valued at $86,000 after buying an additional 526 shares during the period. Hedge funds and other institutional investors 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.