CITIC Limited (OTCMKTS:CTPCY) Sees Significant Drop in Short Interest

CITIC Limited (OTCMKTS:CTPCY - Get Free Report) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 1,200 shares, a decline of 14.3% from the April 30th total of 1,400 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 2.4 days. Currently, 0.0% of the shares of the stock are short sold.

CITIC Trading Up 4.3%

Shares of CTPCY traded up $0.27 during mid-day trading on Thursday, reaching $6.58. 482 shares of the company's stock traded hands, compared to its average volume of 2,343. The stock's 50-day moving average is $5.84 and its two-hundred day moving average is $5.85. CITIC has a 12 month low of $4.27 and a 12 month high of $6.84.

About CITIC

CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide. The Comprehensive Financial Services segment provides banking, investment research, securities brokerage, trust, insurance and reinsurance, investment banking, wealth and asset management, financial markets, equity investment, financing, and other integrated financial services.