China Construction Bank Corp. (OTCMKTS:CICHY) Shares Shorted: Short Interest Down 53.7% in October

China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 25,531 shares, a decline of 53.7% from the September 30th total of 55,121 shares. Based on an average daily volume of 106,320 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

China Construction Bank Stock Performance

CICHY traded up $0.37 during midday trading on Friday, hitting $26.11. The company had a trading volume of 91,960 shares, compared to its average volume of 72,900. The firm’s 50-day simple moving average is $24.61 and its 200-day simple moving average is $22.21. China Construction Bank has a twelve month low of $18.62 and a twelve month high of $26.50. The company has a market capitalization of $341.52 billion, a PE ratio of 7.02 and a beta of 0.10.

China Construction Bank Company Profile

(Get Free Report)

China Construction Bank Corporation (OTCMKTS:CICHY) is a large Chinese commercial bank headquartered in Beijing. Originally established in 1954 as the People’s Construction Bank of China, it was created to support the financing of national construction and infrastructure projects. The bank adopted its current name in 1996 and has since developed into a full-service commercial banking institution.

CCB provides banking and financial services to corporate, government and individual customers.

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