Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 330 shares, an increase of 65.8% from the June 30th total of 199 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 228 shares, the days-to-cover ratio is presently 1.4 days.
Citic Stock Performance
Shares of OTCMKTS CTPCY remained flat at $6.66 during midday trading on Friday. The firm has a 50-day moving average price of $7.59 and a two-hundred day moving average price of $7.77. Citic has a 12-month low of $6.52 and a 12-month high of $8.71. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 1.32.
About Citic
CITIC (OTCMKTS: CTPCY) is a diversified Chinese conglomerate and the publicly traded arm of CITIC Group, a state-owned investment company. The company operates as an investment holding platform with businesses spanning financial services, resources and energy, manufacturing, engineering contracting, real estate, and investment and asset management. Through its portfolio of operating units and equity investments, CITIC participates in both commercial and industrial activities across multiple sectors.
In financial services, CITIC’s activities typically include banking, securities, trust and other capital market-related businesses conducted via holdings and strategic investments.
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