Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Stock Short Interest Jumps 307.3%

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 22,797 shares, a growth of 307.3% from the August 31st total of 5,597 shares. Based on an average daily volume of 51,597 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Oversea-Chinese Banking Price Performance

OVCHY stock traded up $0.64 on Friday, reaching $50.21. The company had a trading volume of 17,694 shares, compared to its average volume of 27,038. The company’s fifty day moving average is $48.20 and its 200 day moving average is $40.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.88 and a quick ratio of 0.88. Oversea-Chinese Banking has a 1 year low of $24.89 and a 1 year high of $52.15.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited, commonly known as OCBC, is a Singapore-based financial services group that provides banking, wealth management and insurance services. The company serves individual consumers, businesses, institutional clients and governments through its consumer, business and wholesale banking operations.

OCBC offers deposit accounts, lending, mortgages, credit cards, payment services, trade finance, treasury products and corporate banking solutions. Its wealth management business provides investment, advisory and private banking services, while its insurance operations are conducted primarily through Great Eastern Holdings.