What Next for Icici Bank Limited (NYSE:IBN) Stock After Increase in Shorted Shares?

ICICI Bank Limited (NYSE:IBN) Logo

The stock of Icici Bank Limited (NYSE:IBN) registered an increase of 25.9% in short interest. IBN’s total short interest was 9.54 million shares in September as published by FINRA. Its up 25.9% from 7.58 million shares, reported previously. With 6.71 million shares average volume, it will take short sellers 1 days to cover their IBN’s short positions.

The stock increased 1.86% or $0.21 during the last trading session, reaching $11.53. About 4.03 million shares traded. ICICI Bank Limited (NYSE:IBN) has risen 38.59% since September 13, 2018 and is uptrending. It has outperformed by 38.59% the S&P500.

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. The company has market cap of $37.01 billion. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others divisions. It has a 33.13 P/E ratio. The firm offers savings, salary, pension, current, other accounts; and fixed, recurring, and security deposits.

More notable recent ICICI Bank Limited (NYSE:IBN) news were published by: Seekingalpha.com which released: “Why ICICI Bank Is Outperforming Most Financials – Seeking Alpha” on January 09, 2019, also Finance.Yahoo.com with their article: “5 Stocks Outperforming the S&P 500 – Yahoo Finance” published on August 28, 2019, Seekingalpha.com published: “ICICI Bank – Know The Risks First – Seeking Alpha” on April 23, 2019. More interesting news about ICICI Bank Limited (NYSE:IBN) were released by: Finance.Yahoo.com and their article: “Here is What Hedge Funds Think About ICICI Bank Limited (IBN) – Yahoo Finance” published on June 19, 2019 as well as Fool.com‘s news article titled: “Why Luckin Coffee, Tower Semiconductor, and ICICI Bank Jumped Today – The Motley Fool” with publication date: July 29, 2019.

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