Short Interest in China Life Insurance Company Limited (OTCMKTS:CILJF) Drops By 87.7%

China Life Insurance Company Limited (OTCMKTS:CILJF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 379,215 shares, a decline of 87.7% from the June 15th total of 3,071,531 shares. Based on an average daily trading volume, of 15,701 shares, the short-interest ratio is currently 24.2 days.

China Life Insurance Stock Performance

CILJF stock traded down $0.11 during trading hours on Friday, reaching $3.57. The stock had a trading volume of 6,376 shares, compared to its average volume of 16,003. The stock has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.78. China Life Insurance has a fifty-two week low of $2.35 and a fifty-two 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.