Short Interest in China Construction Bank Co. (OTCMKTS:CICHF) Drops By 16.0%

China Construction Bank Co. (OTCMKTS:CICHF) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,851,165 shares, a decline of 16.0% from the March 15th total of 5,776,845 shares. Based on an average trading volume of 200,600 shares, the days-to-cover ratio is presently 24.2 days.

China Construction Bank Price Performance

Shares of CICHF opened at $1.05 on Friday. China Construction Bank has a 1 year low of $0.82 and a 1 year high of $1.31. The firm has a fifty day moving average of $1.01 and a 200-day moving average of $1.00.

China Construction Bank Company Profile

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.