Short Interest in China Construction Bank Co. (OTCMKTS:CICHF) Expands By 26.6%

China Construction Bank Co. (OTCMKTS:CICHF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 9,394,936 shares, an increase of 26.6% from the December 15th total of 7,422,434 shares. Based on an average daily volume of 32,669 shares, the days-to-cover ratio is presently 287.6 days. Based on an average daily volume of 32,669 shares, the days-to-cover ratio is presently 287.6 days.

China Construction Bank Stock Down 0.8%

China Construction Bank stock opened at $1.00 on Monday. The company has a fifty day simple moving average of $1.00 and a 200-day simple moving average of $0.99. China Construction Bank has a 52-week low of $0.75 and a 52-week high of $1.31.

China Construction Bank Company Profile

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.