China Minsheng (OTCMKTS:CMAKY) Short Interest Update

China Minsheng (OTCMKTS:CMAKY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,660 shares, a drop of 75.3% from the July 15th total of 14,813 shares. Based on an average daily volume of 10,119 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

China Minsheng Price Performance

Shares of CMAKY traded down $0.20 during trading hours on Thursday, hitting $4.37. The stock had a trading volume of 150 shares, compared to its average volume of 2,746. China Minsheng has a 1-year low of $3.91 and a 1-year high of $6.23. The firm has a market capitalization of $19.15 billion, a P/E ratio of 5.09 and a beta of 0.30. The firm has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $4.56.

Analysts Set New Price Targets

Separately, Zacks Research raised China Minsheng from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, China Minsheng has a consensus rating of “Strong Buy”.

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.