Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Drop in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,439 shares, a decline of 84.5% from the June 15th total of 61,078 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 103,828 shares, the days-to-cover ratio is presently 0.1 days.

Bank of China Stock Up 1.6%

Shares of BACHY stock opened at $16.18 on Friday. The stock has a market cap of $208.54 billion, a PE ratio of 6.30 and a beta of 0.07. The business has a 50-day simple moving average of $16.51 and a 200-day simple moving average of $15.52. Bank of China has a 52-week low of $12.95 and a 52-week high of $17.69.

Analyst Upgrades and Downgrades

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

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.