China Construction Bank Co. (OTCMKTS:CICHF) Short Interest Up 153.5% in July

China Construction Bank Co. (OTCMKTS:CICHF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,542,395 shares, a growth of 153.5% from the June 30th total of 3,369,917 shares. Based on an average daily volume of 37,555 shares, the short-interest ratio is currently 227.5 days.

China Construction Bank Trading Up 8.7%

CICHF opened at $1.17 on Wednesday. China Construction Bank has a 12 month low of $0.89 and a 12 month high of $1.31. The business’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.05.

China Construction Bank Company Profile

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.