Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Drop in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,439 shares, a drop of 84.5% from the June 15th total of 61,078 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 103,828 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Bank of China to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of China currently has a consensus rating of “Hold”.

Bank of China Trading Up 1.6%

OTCMKTS:BACHY opened at $16.18 on Friday. The company has a market cap of $208.54 billion, a P/E ratio of 6.30 and a beta of 0.07. Bank of China has a twelve month low of $12.95 and a twelve month high of $17.69. The company’s 50-day moving average price is $16.51 and its 200-day moving average price is $15.52.

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.