Short Interest in China Minsheng (OTCMKTS:CMAKY) Rises By 1,592.3%

China Minsheng (OTCMKTS:CMAKY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 15,468 shares, a growth of 1,592.3% from the May 14th total of 914 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,481 shares, the days-to-cover ratio is presently 4.4 days.

China Minsheng Price Performance

CMAKY stock remained flat at $4.06 during trading on Tuesday. 1,292 shares of the company traded hands, compared to its average volume of 912. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 4.72 and a beta of 0.28. The firm has a fifty day moving average price of $4.56 and a 200 day moving average price of $4.83. China Minsheng has a 1-year low of $4.06 and a 1-year high of $6.72.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $4.03 billion during the quarter. China Minsheng had a net margin of 11.70% and a return on equity of 4.23%. As a group, equities analysts predict that China Minsheng will post 0.91 EPS for the current fiscal year.

About China Minsheng

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.