China Construction Bank Co. (OTCMKTS:CICHF) Short Interest Update

China Construction Bank Co. (OTCMKTS:CICHF) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 9,394,936 shares, a growth of 26.6% from the December 15th total of 7,422,434 shares. Based on an average daily trading volume, of 32,669 shares, the days-to-cover ratio is currently 287.6 days. Based on an average daily trading volume, of 32,669 shares, the days-to-cover ratio is currently 287.6 days.

China Construction Bank Trading Down 0.8%

China Construction Bank stock opened at $1.00 on Friday. The stock has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $0.99. China Construction Bank has a 52-week low of $0.75 and a 52-week 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.