China Life Insurance Company Limited (OTCMKTS:CILJF) Short Interest Up 690.7% in July

China Life Insurance Company Limited (OTCMKTS:CILJF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,998,611 shares, a growth of 690.7% from the June 30th total of 379,215 shares. Based on an average daily trading volume, of 18,652 shares, the short-interest ratio is presently 160.8 days.

China Life Insurance Stock Performance

CILJF stock opened at $3.73 on Friday. China Life Insurance has a 12-month low of $2.61 and a 12-month high of $4.67. The firm’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.78.

About China Life Insurance

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.