CIMB Group Holdings Berhad (OTCMKTS:CIMDF) Sees Large Growth in Short Interest

CIMB Group Holdings Berhad (OTCMKTS:CIMDF) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 2,788 shares, an increase of 27.6% from the November 30th total of 2,185 shares. Based on an average daily volume of 1,802 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 1,802 shares, the short-interest ratio is presently 1.5 days.

CIMB Group Holdings Berhad Price Performance

Shares of CIMDF opened at $2.47 on Wednesday. CIMB Group Holdings Berhad has a 52-week low of $1.15 and a 52-week high of $2.47. The business’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $1.87.

CIMB Group Holdings Berhad Company Profile

CIMB Group Holdings Berhad (OTCMKTS:CIMDF) is one of Southeast Asia’s leading universal banking groups, headquartered in Kuala Lumpur, Malaysia. Through its integrated network of consumer banking, corporate and investment banking, Islamic banking and group strategy and services, the bank delivers a comprehensive suite of financial products including retail and commercial loans, trade finance, treasury, asset management, insurance and wealth management solutions.

Tracing its roots back to the establishment of Bian Chiang Bank in 1906, the group underwent a series of mergers and acquisitions before unifying under the CIMB banner in 2005, and listing on Bursa Malaysia in 2006.