China Life Insurance Company Limited (OTCMKTS:CILJF) Short Interest Down 89.6% in May

China Life Insurance Company Limited (OTCMKTS:CILJF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 463,089 shares, a decline of 89.6% from the April 30th total of 4,467,731 shares. Based on an average daily volume of 25,338 shares, the short-interest ratio is currently 18.3 days.

China Life Insurance Price Performance

China Life Insurance stock traded up $0.02 during trading hours on Friday, reaching $3.72. The company had a trading volume of 1,581 shares, compared to its average volume of 16,043. The company has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.75. China Life Insurance has a 12-month low of $2.01 and a 12-month high of $4.67.

About China Life Insurance

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.