China Construction Bank Corp. (OTCMKTS:CICHY) Stock Short Interest Drops 53.7%

China Construction Bank Corp. (OTCMKTS:CICHY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 25,531 shares, a drop of 53.7% from the September 30th total of 55,121 shares. Based on an average daily trading volume, of 106,320 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

China Construction Bank Stock Performance

OTCMKTS CICHY opened at $25.93 on Friday. The stock’s fifty day moving average is $24.66 and its two-hundred day moving average is $22.24. The firm has a market capitalization of $339.16 billion, a P/E ratio of 6.97 and a beta of 0.10. China Construction Bank has a fifty-two week low of $18.62 and a fifty-two week high of $26.50.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is a large Chinese commercial bank headquartered in Beijing. Originally established in 1954 as the People’s Construction Bank of China, it was created to support the financing of national construction and infrastructure projects. The bank adopted its current name in 1996 and has since developed into a full-service commercial banking institution.

CCB provides banking and financial services to corporate, government and individual customers.