New China Life Insurance Company Ltd. (OTCMKTS:NWWCF – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 3,140,675 shares, an increase of 196.5% from the April 30th total of 1,059,236 shares. Based on an average daily trading volume, of 6,993 shares, the days-to-cover ratio is currently 449.1 days.
New China Life Insurance Price Performance
New China Life Insurance stock traded up $0.15 during midday trading on Friday, hitting $6.56. 1,063 shares of the company’s stock were exchanged, compared to its average volume of 3,377. New China Life Insurance has a 52-week low of $5.34 and a 52-week high of $8.65. The stock has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.93.
New China Life Insurance Company Profile
New China Life Insurance Co, Ltd. (OTCMKTS:NWWCF) is a Beijing-based life insurance company established in 1996. As one of the leading insurers in the Chinese market, New China Life offers a diversified portfolio of life insurance, health insurance and accident insurance products designed to meet the protection and savings needs of individual and group customers.
The company’s product lineup spans traditional life protection policies, health and critical illness coverage, annuities and pension plans.
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