China Construction Bank Corp. (OTCMKTS:CICHY) Sees Significant Drop in Short Interest

Key Points

• China Construction Bank Corp. experienced a dramatic 92% drop in short interest in August, falling from 47,500 shares to just 3,800 shares.
• As of the latest report, the CICHY stock is trading at $19.69, showing a notable trading volume increase with 98,219 shares changing hands compared to its average of 73,238 shares.
• The bank operates through multiple segments, including Corporate Finance and Personal Finance, providing a range of banking services both domestically and internationally.

China Construction Bank Corp. (OTCMKTS:CICHY - ) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 3,800 shares, adropof92.0% from the July 31st total of 47,500 shares. Based on an average daily volume of 105,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 105,400 shares, the days-to-cover ratio is currently 0.0 days.

China Construction Bank Stock Performance

CICHY stock traded up $0.38 during midday trading on Tuesday, reaching $19.69. 98,219 shares of the company's stock traded hands, compared to its average volume of 73,238. China Construction Bank has a 52-week low of $13.52 and a 52-week high of $22.27. The stock has a market cap of $246.10 billion, a P/E ratio of 5.50 and a beta of 0.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The stock's 50-day moving average is $20.49 and its 200 day moving average is $18.57.

About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.

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