China Construction Bank Co. (OTCMKTS:CICHF) Short Interest Down 69.0% in May

China Construction Bank Co. (OTCMKTS:CICHF) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,458,633 shares, a decrease of 69.0% from the May 14th total of 7,938,541 shares. Based on an average trading volume of 103,765 shares, the short-interest ratio is currently 23.7 days.

China Construction Bank Stock Performance

CICHF stock remained flat at $1.11 on Friday. The company had a trading volume of 1,856,196 shares, compared to its average volume of 106,244. China Construction Bank has a 12-month low of $0.89 and a 12-month high of $1.31. The firm’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.03.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHF) is one of the largest commercial banks in China, offering a comprehensive range of financial products and services. Its core business activities include corporate banking, personal banking, and treasury operations. The bank provides lending solutions, deposit accounts, trade financing, cash management, and foreign exchange services to meet the needs of governments, state-owned enterprises, multinational corporations, small and medium-sized enterprises, and individual customers.

Founded in 1954 and restructured as a joint-stock commercial bank in 1996, China Construction Bank has grown into a key player in China’s banking sector, ranking among the country’s “Big Four” state-owned banks.