Bank of Communications Co. (OTCMKTS:BCMXY) Short Interest Update

Bank of Communications Co. (OTCMKTS:BCMXY) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 584 shares, a drop of 67.2% from the June 15th total of 1,781 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,148 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Bank of Communications Stock Performance

BCMXY opened at $20.60 on Wednesday. Bank of Communications has a 52-week low of $19.89 and a 52-week high of $25.80. The firm has a market capitalization of $61.19 billion, a PE ratio of 5.63 and a beta of -0.06. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $22.35 and its 200 day simple moving average is $21.79.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The company had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. As a group, sell-side analysts expect that Bank of Communications will post 4.12 earnings per share for the current fiscal year.

Bank of Communications Company Profile

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.