Short Interest in New China Life Insurance Company Ltd. (OTCMKTS:NWWCF) Rises By 1,306.4%

New China Life Insurance Company Ltd. (OTCMKTS:NWWCF) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 5,756,953 shares, a growth of 1,306.4% from the July 15th total of 409,336 shares. Based on an average daily trading volume, of 25,257 shares, the days-to-cover ratio is currently 227.9 days.

New China Life Insurance Price Performance

NWWCF traded down $0.16 during mid-day trading on Tuesday, reaching $6.25. 4,529 shares of the company traded hands, compared to its average volume of 9,342. The company’s fifty day moving average price is $6.33 and its 200-day moving average price is $6.75. New China Life Insurance has a 52-week low of $5.10 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.