China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Sees Significant Drop in Short Interest

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,516,114 shares, a drop of 88.6% from the November 30th total of 13,243,614 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

China Minsheng Banking Price Performance

CGMBF opened at $0.50 on Friday. China Minsheng Banking has a 12 month low of $0.46 and a 12 month high of $0.58. The company has a 50 day moving average of $0.50 and a 200 day moving average of $0.50.

About China Minsheng Banking

China Minsheng Banking Corp., Limited (OTCMKTS:CGMBF) is a Beijing-based joint-stock commercial bank offering a broad spectrum of banking and financial services. Established in January 1996, it was the first nationwide bank in China primarily funded by non-state-owned enterprises. The bank’s core operations include corporate banking solutions such as working capital loans, trade finance and project financing, alongside personal banking services including deposits, consumer lending, wealth management and credit card offerings.

In addition to its commercial banking activities, China Minsheng Banking maintains a comprehensive financial markets division providing foreign exchange, fixed-income products, derivatives trading and investment advisory services.