Short Interest in China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) Grows By 52.2%

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBF) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 30,743,800 shares, an increase of 52.2% from the November 30th total of 20,195,800 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 30,743.8 days.

China Minsheng Banking Trading Up 7.6 %

OTCMKTS CGMBF traded up $0.08 during trading on Friday, reaching $0.41. 1,098,500 shares of the company’s stock traded hands, compared to its average volume of 25,809. China Minsheng Banking has a 12-month low of $0.38 and a 12-month high of $0.41. The company’s 50 day simple moving average is $0.33 and its two-hundred day simple moving average is $0.34.

About China Minsheng Banking

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People’s Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.