Bank of China Ltd. (OTCMKTS:BACHY) Sees Significant Decline in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,925 shares, a decline of 73.4% from the May 14th total of 26,036 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Performance

OTCMKTS BACHY opened at $17.21 on Thursday. The stock has a market capitalization of $221.81 billion, a price-to-earnings ratio of 6.70 and a beta of 0.06. Bank of China has a twelve month low of $12.95 and a twelve month high of $17.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $16.45 and a 200 day moving average of $15.24.

About Bank of China

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.