China Minsheng (OTCMKTS:CMAKY) Sees Significant Increase in Short Interest

China Minsheng (OTCMKTS:CMAKY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 15,468 shares, a growth of 1,592.3% from the May 14th total of 914 shares. Based on an average daily volume of 3,481 shares, the short-interest ratio is currently 4.4 days. Approximately 0.0% of the shares of the company are sold short.

China Minsheng Stock Performance

OTCMKTS:CMAKY opened at $4.06 on Thursday. The stock has a 50-day simple moving average of $4.53 and a two-hundred day simple moving average of $4.81. China Minsheng has a 52-week low of $4.06 and a 52-week high of $6.72. The firm has a market capitalization of $17.78 billion, a PE ratio of 4.72 and a beta of 0.28.

China Minsheng (OTCMKTS:CMAKY) last released its quarterly earnings results on Monday, March 30th. The company reported $0.06 earnings per share (EPS) for the quarter. China Minsheng had a return on equity of 4.23% and a net margin of 11.70%.The business had revenue of $4.03 billion during the quarter. Equities analysts forecast that China Minsheng will post 0.91 earnings per share for the current fiscal year.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.