China Construction Bank Co. (OTCMKTS:CICHF) Sees Significant Drop in Short Interest

China Construction Bank Co. (OTCMKTS:CICHF) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,776,845 shares, a drop of 19.2% from the February 26th total of 7,146,286 shares. Based on an average daily volume of 251,831 shares, the days-to-cover ratio is currently 22.9 days.

China Construction Bank Price Performance

OTCMKTS:CICHF opened at $1.02 on Wednesday. China Construction Bank has a 12-month low of $0.76 and a 12-month high of $1.31. The stock’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $0.99.

About China Construction Bank

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.