Short Interest in China Life Insurance Company Limited (OTCMKTS:CILJF) Increases By 1,358.6%

China Life Insurance Company Limited (OTCMKTS:CILJF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,071,531 shares, a growth of 1,358.6% from the May 31st total of 210,575 shares. Based on an average trading volume of 55,134 shares, the days-to-cover ratio is presently 55.7 days.

China Life Insurance Price Performance

Shares of China Life Insurance stock opened at $3.63 on Friday. The firm has a fifty day moving average price of $3.68 and a 200 day moving average price of $3.78. China Life Insurance has a 1 year low of $2.34 and a 1 year high of $4.67.

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.