New China Life Insurance Company Ltd. (OTCMKTS:NWWCF – Get Free Report) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 1,059,236 shares, a drop of 83.2% from the April 15th total of 6,311,768 shares. Based on an average daily volume of 3,313 shares, the short-interest ratio is currently 319.7 days.
New China Life Insurance Trading Down 3.4%
Shares of OTCMKTS NWWCF traded down $0.24 during trading hours on Thursday, hitting $6.80. The stock had a trading volume of 1,093 shares, compared to its average volume of 3,535. New China Life Insurance has a 52 week low of $5.34 and a 52 week high of $8.65. The firm’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $6.87.
About New China Life Insurance
New China Life Insurance Co, Ltd. (OTCMKTS:NWWCF) is a Beijing-based life insurance company established in 1996. As one of the leading insurers in the Chinese market, New China Life offers a diversified portfolio of life insurance, health insurance and accident insurance products designed to meet the protection and savings needs of individual and group customers.
The company’s product lineup spans traditional life protection policies, health and critical illness coverage, annuities and pension plans.
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