Is Buying CHINA CONSTRUCTION BANK SHARES -H- CHIN (OTCMKTS:CICHF), Having Lower Short Interest a Winning Strategy?

May 18, 2018 - By reb123z

China Construction Bank Corporation (OTCMKTS:CICHF) Logo

The stock of CHINA CONSTRUCTION BANK SHARES -H- CHIN (OTCMKTS:CICHF) registered a decrease of 17.9% in short interest. CICHF’s total short interest was 177.33M shares in May as published by FINRA. Its down 17.9% from 216.00 million shares, reported previously. With 32,800 shares average volume, it will take short sellers 5406 days to cover their CICHF’s short positions.

The stock decreased 2.80% or $0.03 during the last trading session, reaching $1.04. About shares traded. China Construction Bank Corporation (OTCMKTS:CICHF) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

China Construction Bank Corporation provides various banking and related financial services in the People's Republic of China. The company has market cap of $318.92 billion. It operates through Corporate Banking, Personal Banking, and Treasury Business divisions. It has a 6.98 P/E ratio. The firm offers personal banking services and products, such as foreign currency deposits, all in one accounts, and RMB deposits; personal business loans, personal car loans, and personal housing loans; physical gold for personal investment and personal gold account; credit cards; foreign exchange services; certificate treasury and savings bonds, securities deposit accounts, and securities services, as well as bank-securities transfer and book-entry treasury bond over the counter services; and wealth management products.

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