The Bank of East Asia Ltd. (OTCMKTS:BKEAY) Sees Large Decrease in Short Interest

The Bank of East Asia Ltd. (OTCMKTS:BKEAY) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 3 shares, a drop of 99.6% from the January 15th total of 845 shares. Based on an average trading volume of 5,201 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,201 shares, the days-to-cover ratio is currently 0.0 days.

Bank of East Asia Price Performance

Shares of OTCMKTS BKEAY remained flat at $1.85 during midday trading on Tuesday. 22 shares of the company traded hands, compared to its average volume of 1,951. Bank of East Asia has a one year low of $1.13 and a one year high of $1.98. The firm has a 50-day moving average of $1.75 and a 200-day moving average of $1.64.

About Bank of East Asia

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.