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

CIMB Group Holdings Berhad (OTCMKTS:CIMDF) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 961 shares, a drop of 32.0% from the February 26th total of 1,414 shares. Based on an average daily volume of 494 shares, the days-to-cover ratio is currently 1.9 days.

CIMB Group Holdings Berhad Price Performance

Shares of CIMB Group Holdings Berhad stock remained flat at $2.00 on Friday. The firm’s 50-day moving average price is $2.24 and its two-hundred day moving average price is $2.04. CIMB Group Holdings Berhad has a 52 week low of $1.15 and a 52 week high of $2.67.

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.