Short Interest in China Construction Bank Co. (OTCMKTS:CICHF) Rises By 153.5%

China Construction Bank Co. (OTCMKTS:CICHF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,542,395 shares, an increase of 153.5% from the June 30th total of 3,369,917 shares. Based on an average daily volume of 37,555 shares, the days-to-cover ratio is presently 227.5 days.

China Construction Bank Stock Performance

OTCMKTS:CICHF traded up $0.09 during midday trading on Tuesday, hitting $1.17. 84,976 shares of the company traded hands, compared to its average volume of 107,831. The firm’s fifty day moving average is $1.08 and its 200-day moving average is $1.05. China Construction Bank has a 12-month low of $0.89 and a 12-month high of $1.31.

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.