Short Interest in China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Decreases By 18.8%

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 38,146,400 shares, a drop of 18.8% from the April 30th total of 47,002,400 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is presently 11,920.8 days.

China Minsheng Banking Price Performance

OTCMKTS CGMBF opened at $0.46 on Tuesday. The stock’s 50-day moving average price is $0.42 and its 200-day moving average price is $0.40. China Minsheng Banking has a 52 week low of $0.38 and a 52 week high of $0.46.

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.