Short Interest in CITIC Limited (OTCMKTS:CTPCY) Declines By 43.8%

CITIC Limited (OTCMKTS:CTPCY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 43.8% from the February 28th total of 1,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 1.8 days.

CITIC Price Performance

Shares of OTCMKTS:CTPCY remained flat at $5.83 during trading on Friday. 47 shares of the stock traded hands, compared to its average volume of 540. The business’s 50-day simple moving average is $5.96 and its two-hundred day simple moving average is $5.78. CITIC has a 52-week low of $4.27 and a 52-week 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.