Bank of Communications Co. (OTCMKTS:BCMXY) Sees Significant Growth in Short Interest

Bank of Communications Co. (OTCMKTS:BCMXY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,884 shares, an increase of 2,754.5% from the May 14th total of 66 shares. Based on an average daily volume of 515 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Bank of Communications Trading Down 7.2%

Shares of BCMXY stock traded down $1.70 on Tuesday, reaching $22.00. 419 shares of the stock were exchanged, compared to its average volume of 368. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94. Bank of Communications has a one year low of $20.02 and a one year high of $25.80. The stock has a 50 day moving average price of $22.12 and a 200 day moving average price of $22.36. The stock has a market cap of $65.35 billion, a PE ratio of 6.01 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%.The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.02 billion. Equities research analysts forecast that Bank of Communications will post 4.13 EPS for the current fiscal year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.