China Construction Bank Co. (OTCMKTS:CICHF) Sees Significant Decline in Short Interest

China Construction Bank Co. (OTCMKTS:CICHF) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,851,165 shares, a decline of 16.0% from the March 15th total of 5,776,845 shares. Based on an average daily volume of 200,600 shares, the days-to-cover ratio is currently 24.2 days.

China Construction Bank Stock Down 11.6%

Shares of OTCMKTS CICHF opened at $1.01 on Friday. The stock’s fifty day simple moving average is $1.01 and its two-hundred day simple moving average is $1.00. China Construction Bank has a 12-month low of $0.82 and a 12-month high of $1.31.

About China Construction Bank

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.