Short Interest in Bank of China Ltd. (OTCMKTS:BACHY) Increases By 82.3%

Bank of China Ltd. (OTCMKTS:BACHY) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 17,167 shares, a growth of 82.3% from the July 30th total of 9,416 shares. Based on an average daily volume of 46,328 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Bank of China Price Performance

BACHY stock opened at $17.75 on Friday. The firm has a market capitalization of $228.77 billion, a P/E ratio of 6.91 and a beta of 0.07. The business’s 50-day moving average is $16.66 and its two-hundred day moving average is $16.13. Bank of China has a 1 year low of $12.95 and a 1 year high of $18.15.

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.