Short Interest in China Life Insurance Company Limited (OTCMKTS:CILJF) Drops By 54.5%

China Life Insurance Company Limited (OTCMKTS:CILJF) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 210,575 shares, a drop of 54.5% from the May 14th total of 463,089 shares. Based on an average trading volume of 30,284 shares, the days-to-cover ratio is currently 7.0 days.

China Life Insurance Price Performance

Shares of CILJF opened at $3.79 on Monday. The business has a 50-day moving average of $3.61 and a 200 day moving average of $3.77. China Life Insurance has a fifty-two week low of $2.26 and a fifty-two week 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.