China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Short Interest Update

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 8,645,385 shares, an increase of 205.2% from the June 30th total of 2,832,796 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ? days.

China Minsheng Banking Stock Performance

CGMBF stock remained flat at $0.45 during mid-day trading on Tuesday. 72,000 shares of the company’s stock traded hands, compared to its average volume of 200. China Minsheng Banking has a twelve month low of $0.46 and a twelve month high of $0.58. The firm’s 50 day moving average is $0.46 and its two-hundred day moving average is $0.48.

China Minsheng Banking Company Profile

China Minsheng Banking Corp., Limited (OTCMKTS:CGMBF) is a Beijing-based joint-stock commercial bank offering a broad spectrum of banking and financial services. Established in January 1996, it was the first nationwide bank in China primarily funded by non-state-owned enterprises. The bank’s core operations include corporate banking solutions such as working capital loans, trade finance and project financing, alongside personal banking services including deposits, consumer lending, wealth management and credit card offerings.

In addition to its commercial banking activities, China Minsheng Banking maintains a comprehensive financial markets division providing foreign exchange, fixed-income products, derivatives trading and investment advisory services.