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

Bank of China Ltd. (OTCMKTS:BACHY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 61,078 shares, an increase of 782.0% from the May 31st total of 6,925 shares. Based on an average daily trading volume, of 66,122 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised 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.com, the stock currently has a consensus rating of “Hold”.

Bank of China Price Performance

BACHY stock opened at $15.84 on Friday. The company has a 50 day simple moving average of $16.64 and a 200 day simple moving average of $15.39. The stock has a market cap of $204.15 billion, a price-to-earnings ratio of 6.16 and a beta of 0.06. Bank of China has a 1 year low of $12.95 and a 1 year high of $17.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84.

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.