Short Interest in China Power International Development Limited (OTCMKTS:CPWIF) Declines By 39.6%

China Power International Development Limited (OTCMKTS:CPWIF) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,229,473 shares, a decrease of 39.6% from the August 15th total of 13,629,473 shares. Based on an average daily trading volume, of 91 shares, the short-interest ratio is currently 90,433.8 days.

China Power International Development Stock Performance

Shares of China Power International Development stock remained flat at C$0.35 on Friday. The firm’s 50-day moving average price is C$0.38 and its two-hundred day moving average price is C$0.42. China Power International Development has a 1-year low of C$0.35 and a 1-year high of C$0.44.

China Power International Development Company Profile

China Power International Development (OTCMKTS: CPWIF) is a Hong Kong–listed power generation company and a subsidiary of State Power Investment Corporation, one of China’s major state-owned energy enterprises. The company develops, constructs and operates a diversified portfolio of power assets, including coal-fired, hydroelectric, wind and solar facilities. Its core business involves generating and selling electricity and steam to regional grids and industrial customers across mainland China.

Since its establishment, China Power International Development has expanded its footprint into multiple provinces, with significant operations in Anhui, Jiangsu, Sichuan and Fujian.