China Mobile Ltd. (CHL) Short Interest Update

China Mobile Ltd. (NYSE:CHL) saw a large increase in short interest in September. As of September 14th, there was short interest totalling 1,844,048 shares, an increase of 53.5% from the August 31st total of 1,200,994 shares. Based on an average trading volume of 1,003,952 shares, the days-to-cover ratio is currently 1.8 days.

Several hedge funds have recently modified their holdings of the company. XR Securities LLC purchased a new position in shares of China Mobile during the third quarter valued at $225,000. Northwest Bancshares Inc. boosted its position in China Mobile by 11.9% during the third quarter. Northwest Bancshares Inc. now owns 35,630 shares of the Wireless communications provider’s stock valued at $1,743,000 after purchasing an additional 3,783 shares during the last quarter. United Services Automobile Association boosted its position in China Mobile by 8.5% during the second quarter. United Services Automobile Association now owns 224,365 shares of the Wireless communications provider’s stock valued at $9,960,000 after purchasing an additional 17,600 shares during the last quarter. Northern Trust Corp boosted its position in China Mobile by 6.7% during the second quarter. Northern Trust Corp now owns 3,182,679 shares of the Wireless communications provider’s stock valued at $141,280,000 after purchasing an additional 200,574 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in China Mobile during the second quarter valued at $422,000. Institutional investors and hedge funds own 1.98% of the company’s stock.

Several research analysts have recently commented on CHL shares. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, August 13th. ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, BNP Paribas downgraded China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. China Mobile presently has a consensus rating of “Hold” and an average price target of $51.00.

CHL opened at $49.57 on Tuesday. The firm has a market capitalization of $200.37 billion, a PE ratio of 12.00, a PEG ratio of 2.32 and a beta of 0.57. China Mobile has a one year low of $43.25 and a one year high of $53.23.

The firm also recently declared a special dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Friday, September 7th will be issued a dividend of $1.1631 per share. This is an increase from China Mobile’s previous special dividend of $1.01. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 4.2%. China Mobile’s payout ratio is currently 50.85%.

China Mobile Company Profile

There is no company description available for China Mobile Ltd.

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