China Minsheng (OTCMKTS:CMAKY) Sees Significant Growth in Short Interest

China Minsheng (OTCMKTS:CMAKY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 495 shares, an increase of 54.2% from the December 15th total of 321 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 501 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 501 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the shares of the company are sold short.

China Minsheng Stock Performance

OTCMKTS CMAKY opened at $4.69 on Friday. The company has a market cap of $20.51 billion, a P/E ratio of 5.32 and a beta of 0.26. The business’s 50 day moving average price is $5.13 and its 200-day moving average price is $5.47. China Minsheng has a fifty-two week low of $3.73 and a fifty-two week high of $6.72.

China Minsheng (OTCMKTS:CMAKY) last released its earnings results on Friday, October 31st. The company reported $0.20 EPS for the quarter. China Minsheng had a return on equity of 4.49% and a net margin of 11.27%.The firm had revenue of $5.05 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of China Minsheng from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, China Minsheng has an average rating of “Hold”.

About China Minsheng

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.