New China Life Insurance Company Ltd. (OTCMKTS:NWWCF – Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 3,140,675 shares, a growth of 196.5% from the April 30th total of 1,059,236 shares. Based on an average daily volume of 6,993 shares, the short-interest ratio is currently 449.1 days.
New China Life Insurance Trading Up 2.4%
NWWCF stock traded up $0.15 during midday trading on Friday, reaching $6.56. The stock had a trading volume of 1,063 shares, compared to its average volume of 3,377. The company’s fifty day simple moving average is $6.52 and its 200 day simple moving average is $6.93. New China Life Insurance has a 52-week low of $5.34 and a 52-week high of $8.65.
New China Life Insurance Company Profile
New China Life Insurance Co, Ltd. (OTCMKTS:NWWCF) is a Beijing-based life insurance company established in 1996. As one of the leading insurers in the Chinese market, New China Life offers a diversified portfolio of life insurance, health insurance and accident insurance products designed to meet the protection and savings needs of individual and group customers.
The company’s product lineup spans traditional life protection policies, health and critical illness coverage, annuities and pension plans.
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