China Minsheng (OTCMKTS:CMAKY) Sees Large Decline in Short Interest

China Minsheng (OTCMKTS:CMAKY) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,660 shares, a decline of 75.3% from the July 15th total of 14,813 shares. Based on an average daily volume of 10,119 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China Minsheng from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

China Minsheng Trading Down 4.3%

OTCMKTS:CMAKY traded down $0.20 on Thursday, reaching $4.37. 150 shares of the stock traded hands, compared to its average volume of 2,746. China Minsheng has a 1-year low of $3.91 and a 1-year high of $6.23. The company’s 50 day moving average is $4.28 and its 200-day moving average is $4.56. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 5.09 and a beta of 0.30.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.

In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.