China Life Insurance Company Limited (OTCMKTS:CILJF) Sees Large Growth in Short Interest

China Life Insurance Company Limited (OTCMKTS:CILJF) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,590,943 shares, an increase of 458.9% from the February 26th total of 284,664 shares. Based on an average trading volume of 38,862 shares, the days-to-cover ratio is presently 40.9 days.

China Life Insurance Price Performance

OTCMKTS CILJF traded down $0.30 during trading hours on Thursday, reaching $3.20. The stock had a trading volume of 5,053 shares, compared to its average volume of 20,003. China Life Insurance has a 52-week low of $1.58 and a 52-week high of $4.67. The stock has a fifty day moving average of $4.06 and a 200 day moving average of $3.57.

China Life Insurance Company Profile

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.