News Snapshot:
Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) saw a large growth in short interest during the month of July. As of July 30th, there was short interest totalling 133,300 shares, a growth of 151.0% from the July 15th total of 53,100 shares. Based on an average daily trading volume, of 210,300 shares, the days-to-cover ratio is currently 0.6 days. A number of brokerages recently issued reports on IDCBY. JPMorgan Chase & Co. cut Industrial and Commercial Bank of China from a “neutral” rating to an “underweight” rating in a research note on Tuesday, May 4th. Zacks Investment Research cut...