China Life Insurance Company Limited (OTCMKTS:CILJF) Short Interest Up 1,358.6% in June

China Life Insurance Company Limited (OTCMKTS:CILJF) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,071,531 shares, an increase of 1,358.6% from the May 31st total of 210,575 shares. Based on an average daily trading volume, of 55,134 shares, the short-interest ratio is currently 55.7 days.

China Life Insurance Trading Up 0.7%

CILJF stock traded up $0.03 during midday trading on Thursday, reaching $3.63. 6,829 shares of the company’s stock traded hands, compared to its average volume of 16,598. The company has a 50-day moving average price of $3.68 and a two-hundred day moving average price of $3.78. China Life Insurance has a 52 week low of $2.34 and a 52 week high of $4.67.

About China Life Insurance

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.