Citic Ltd. (OTCMKTS:CTPCY) Sees Significant Increase in Short Interest

Citic Ltd. (OTCMKTS:CTPCY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 685 shares, a growth of 93.5% from the July 30th total of 354 shares. Based on an average daily volume of 210 shares, the short-interest ratio is currently 3.3 days. Approximately 0.0% of the company’s shares are short sold.

Citic Trading Up 1.2%

Shares of OTCMKTS:CTPCY traded up $0.10 during midday trading on Friday, hitting $8.45. 1,238 shares of the stock traded hands, compared to its average volume of 172. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.23 and a current ratio of 0.24. The business’s 50 day moving average is $7.21 and its two-hundred day moving average is $7.73. Citic has a one year low of $6.52 and a one year high of $8.71.

About Citic

CITIC (OTCMKTS: CTPCY) is a diversified Chinese conglomerate and the publicly traded arm of CITIC Group, a state-owned investment company. The company operates as an investment holding platform with businesses spanning financial services, resources and energy, manufacturing, engineering contracting, real estate, and investment and asset management. Through its portfolio of operating units and equity investments, CITIC participates in both commercial and industrial activities across multiple sectors.

In financial services, CITIC’s activities typically include banking, securities, trust and other capital market-related businesses conducted via holdings and strategic investments.