China Construction Bank Co. (OTCMKTS:CICHF – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,458,633 shares, a decline of 69.0% from the May 14th total of 7,938,541 shares. Based on an average daily trading volume, of 103,765 shares, the short-interest ratio is presently 23.7 days.
China Construction Bank Price Performance
Shares of CICHF remained flat at $1.11 on Friday. 1,856,196 shares of the company were exchanged, compared to its average volume of 106,246. The stock’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.03. 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.
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