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

CIMB Group Holdings Berhad (OTCMKTS:CIMDF) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 1,414 shares, an increase of 47.1% from the February 12th total of 961 shares. Based on an average daily volume of 111 shares, the days-to-cover ratio is presently 12.7 days. Based on an average daily volume of 111 shares, the days-to-cover ratio is presently 12.7 days.

CIMB Group Holdings Berhad Stock Performance

CIMB Group Holdings Berhad stock opened at $2.00 on Monday. CIMB Group Holdings Berhad has a twelve month low of $1.15 and a twelve month high of $2.67. The stock’s 50 day moving average is $2.21 and its 200 day moving average is $2.04.

About CIMB Group Holdings Berhad

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.