News Snapshot:
Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 68,400 shares, a decrease of 53.0% from the August 15th total of 145,500 shares. Based on an average trading volume of 195,100 shares, the short-interest ratio is presently 0.4 days. Separately, Zacks Investment Research downgraded Industrial and Commercial Bank of China from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 26th. IDCBY traded down $0.12 on Friday, hitting $11.18. 42,984 shares of...
