China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 19,011,993 shares, an increase of 194.6% from the October 15th total of 6,453,993 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.
China Minsheng Banking Stock Performance
CGMBF opened at $0.41 on Friday. China Minsheng Banking has a twelve month low of $0.41 and a twelve month high of $0.46. The firm’s 50-day moving average price is $0.40 and its 200 day moving average price is $0.45.
China Minsheng Banking Company Profile
China Minsheng Banking Corporation Limited is a commercial bank headquartered in Beijing, China. Established in 1996, it is known as China’s first national commercial bank founded primarily with capital from non-state-owned enterprises. The bank provides corporate and retail banking services, including deposits, loans, payments, wealth management and credit cards. It also offers financial-market and investment-banking services to businesses and other clients. China Minsheng Banking serves customers across China through its domestic banking network and has operations in Hong Kong.
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