China Life Insurance Company Limited (OTCMKTS:CILJF) Sees Significant Increase in Short Interest

China Life Insurance Company Limited (OTCMKTS:CILJF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,998,611 shares, an increase of 690.7% from the June 30th total of 379,215 shares. Based on an average daily volume of 18,652 shares, the days-to-cover ratio is currently 160.8 days.

China Life Insurance Stock Performance

China Life Insurance stock opened at $3.73 on Friday. China Life Insurance has a 1-year low of $2.61 and a 1-year high of $4.67. The firm’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.78.

China Life Insurance Company Profile

China Life Insurance Company Limited (OTCMKTS: CILJF) is one of the largest life insurance providers in the People’s Republic of China. The company’s core offerings include individual and group life insurance policies, annuity products, health insurance, and accident coverage. In addition to traditional life insurance contracts, China Life has expanded its product suite to incorporate retirement-planning solutions and wealth management products tailored to both high-net-worth and mass-market customers.

Founded on the foundation of the state-owned Central Insurance Company in 1949 and later reorganized as a joint-stock company in 2003, China Life operates an extensive distribution network that spans mainland China, with additional service points in Hong Kong.