China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Short Interest Up 32.6% in December

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,010,159 shares, a growth of 32.6% from the December 15th total of 1,516,114 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

China Minsheng Banking Stock Performance

Shares of OTCMKTS:CGMBF opened at $0.50 on Friday. The stock has a 50 day moving average of $0.50 and a 200 day moving average of $0.51. China Minsheng Banking has a 12-month low of $0.46 and a 12-month high of $0.58.

China Minsheng Banking Company Profile

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.