China Construction Bank Co. (OTCMKTS:CICHF) Sees Large Increase in Short Interest

China Construction Bank Co. (OTCMKTS:CICHF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,542,395 shares, an increase of 153.5% from the June 30th total of 3,369,917 shares. Based on an average trading volume of 37,555 shares, the short-interest ratio is presently 227.5 days.

China Construction Bank Stock Performance

OTCMKTS:CICHF opened at $1.14 on Monday. The firm’s fifty day simple moving average is $1.08 and its 200 day simple moving average is $1.05. China Construction Bank has a twelve month low of $0.89 and a twelve month high of $1.31.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHF) is one of the largest commercial banks in China, offering a comprehensive range of financial products and services. Its core business activities include corporate banking, personal banking, and treasury operations. The bank provides lending solutions, deposit accounts, trade financing, cash management, and foreign exchange services to meet the needs of governments, state-owned enterprises, multinational corporations, small and medium-sized enterprises, and individual customers.

Founded in 1954 and restructured as a joint-stock commercial bank in 1996, China Construction Bank has grown into a key player in China’s banking sector, ranking among the country’s “Big Four” state-owned banks.