Bank of China Ltd. (OTCMKTS:BACHY – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,149 shares, a decrease of 79.9% from the April 15th total of 95,459 shares. Based on an average daily trading volume, of 91,438 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.
Bank of China Stock Performance
Shares of BACHY stock opened at $16.63 on Wednesday. The firm has a 50-day moving average of $15.58 and a 200-day moving average of $14.93. The company has a market cap of $214.27 billion, a P/E ratio of 6.47 and a beta of 0.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84. Bank of China has a one year low of $12.95 and a one year high of $16.93.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Bank of China to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of China presently has a consensus rating of “Hold”.
Bank of China Company Profile
Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.
In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.
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