Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 13,369 shares, a drop of 59.8% from the June 15th total of 33,243 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 66,323 shares, the short-interest ratio is presently 0.2 days.

Oversea-Chinese Banking Stock Performance

OVCHY stock opened at $42.72 on Monday. Oversea-Chinese Banking has a twelve month low of $24.89 and a twelve month high of $43.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.88. The business has a fifty day moving average of $37.42 and a 200-day moving average of $34.72.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.