China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Sees Significant Growth in Short Interest

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 40,013,800 shares, an increase of 30.2% from the December 15th total of 30,743,800 shares. Based on an average trading volume of 236,700 shares, the short-interest ratio is currently 169.0 days.

China Minsheng Banking Price Performance

Shares of CGMBF stock remained flat at $0.41 during trading on Friday. The stock has a 50 day moving average of $0.35 and a 200 day moving average of $0.34. China Minsheng Banking has a 12 month low of $0.38 and a 12 month high of $0.41.

About China Minsheng Banking

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People’s Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.