Short Interest in China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Grows By 30.2%

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 40,013,800 shares, an increase of 30.2% from the December 31st total of 30,743,800 shares. Based on an average trading volume of 236,700 shares, the short-interest ratio is currently 169.0 days.

China Minsheng Banking Price Performance

Shares of CGMBF stock remained flat at $0.41 during trading hours on Thursday. The stock’s 50-day simple moving average is $0.37 and its 200 day simple moving average is $0.35. China Minsheng Banking has a one year low of $0.38 and a one year high of $0.41.

China Minsheng Banking Company Profile

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People’s Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.