China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Short Interest Up 210.8% in June

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,832,796 shares, a growth of 210.8% from the June 15th total of 911,402 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

China Minsheng Banking Stock Performance

CGMBF stock remained flat at $0.46 during midday trading on Monday. China Minsheng Banking has a 12 month low of $0.46 and a 12 month high of $0.58. The company’s fifty day simple moving average is $0.46 and its 200 day simple moving average is $0.48.

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.