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

Bank of Communications Co. (OTCMKTS:BCMXY) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 85 shares, a drop of 49.1% from the December 31st total of 167 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 171 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 171 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Bank of Communications Price Performance

BCMXY stock opened at $21.15 on Thursday. Bank of Communications has a twelve month low of $19.70 and a twelve month high of $25.00. The company has a market cap of $62.83 billion, a P/E ratio of 5.47 and a beta of -0.16. The business has a fifty day moving average of $23.57 and a 200-day moving average of $22.56.

Bank of Communications (OTCMKTS:BCMXY) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.18). The firm had revenue of $9.38 billion during the quarter, compared to analyst estimates of $9.11 billion. Bank of Communications had a return on equity of 7.70% and a net margin of 18.19%.

About Bank of Communications

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.