New China Life Insurance Company Ltd. (OTCMKTS:NWWCF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 9,109,091 shares, an increase of 79.6% from the August 31st total of 5,073,282 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 2,760.3 days.
New China Life Insurance Stock Down 9.0%
Shares of NWWCF traded down $0.55 during mid-day trading on Tuesday, hitting $5.57. 414 shares of the company were exchanged, compared to its average volume of 4,001. New China Life Insurance has a 1-year low of $5.10 and a 1-year high of $8.65. The company has a 50 day moving average of $6.23 and a 200-day moving average of $6.38.
About New China Life Insurance
New China Life Insurance Co, Ltd. is a China-based insurance company focused primarily on life insurance and related financial protection products. Its offerings include individual and group life insurance, annuity products, health insurance and accident insurance, serving customers through a nationwide distribution and service network.
Founded in 1996 and headquartered in Beijing, the company also provides asset-management and investment services associated with its insurance operations.
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