China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Short Interest Up 205.2% in July

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,645,385 shares, an increase of 205.2% from the June 30th total of 2,832,796 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

China Minsheng Banking Price Performance

OTCMKTS:CGMBF opened at $0.45 on Monday. The company has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.48. China Minsheng Banking has a 12 month low of $0.46 and a 12 month high of $0.58.

China Minsheng Banking Company Profile

China Minsheng Banking Corp., Limited (OTCMKTS:CGMBF) is a Beijing-based joint-stock commercial bank offering a broad spectrum of banking and financial services. Established in January 1996, it was the first nationwide bank in China primarily funded by non-state-owned enterprises. The bank’s core operations include corporate banking solutions such as working capital loans, trade finance and project financing, alongside personal banking services including deposits, consumer lending, wealth management and credit card offerings.

In addition to its commercial banking activities, China Minsheng Banking maintains a comprehensive financial markets division providing foreign exchange, fixed-income products, derivatives trading and investment advisory services.