China Minsheng (OTCMKTS:CMAKY) Short Interest Down 75.3% in July

China Minsheng (OTCMKTS:CMAKY) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,660 shares, a decline of 75.3% from the July 15th total of 14,813 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,119 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of China Minsheng from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

China Minsheng Stock Down 3.6%

OTCMKTS CMAKY opened at $4.41 on Friday. The business’s fifty day simple moving average is $4.27 and its 200-day simple moving average is $4.56. The firm has a market cap of $19.29 billion, a PE ratio of 5.12 and a beta of 0.30. China Minsheng has a 52 week low of $3.91 and a 52 week high of $6.23.

About China Minsheng

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.