China Life Insurance Company Limited (OTCMKTS:CILJF) Sees Significant Drop in Short Interest

China Life Insurance Company Limited (OTCMKTS:CILJF) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 210,575 shares, a decrease of 54.5% from the May 14th total of 463,089 shares. Based on an average daily volume of 30,284 shares, the short-interest ratio is presently 7.0 days.

China Life Insurance Stock Up 5.0%

CILJF stock opened at $3.79 on Friday. The company has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.76. China Life Insurance has a 52-week low of $2.26 and a 52-week high of $4.67.

China Life Insurance Company Profile

China Life Insurance Company Limited (OTCMKTS: CILJF) is one of the largest life insurance providers in the People’s Republic of China. The company’s core offerings include individual and group life insurance policies, annuity products, health insurance, and accident coverage. In addition to traditional life insurance contracts, China Life has expanded its product suite to incorporate retirement-planning solutions and wealth management products tailored to both high-net-worth and mass-market customers.

Founded on the foundation of the state-owned Central Insurance Company in 1949 and later reorganized as a joint-stock company in 2003, China Life operates an extensive distribution network that spans mainland China, with additional service points in Hong Kong.