Bank of Communications Co. (OTCMKTS:BCMXY) Sees Significant Growth in Short Interest

Bank of Communications Co. (OTCMKTS:BCMXY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,884 shares, an increase of 2,754.5% from the May 14th total of 66 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 515 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Bank of Communications Stock Performance

Shares of OTCMKTS:BCMXY opened at $22.00 on Thursday. The firm has a fifty day moving average of $22.17 and a two-hundred day moving average of $22.32. The firm has a market capitalization of $65.35 billion, a P/E ratio of 6.01 and a beta of -0.09. Bank of Communications has a 12-month low of $20.02 and a 12-month high of $25.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.70.

Bank of Communications (OTCMKTS:BCMXY) last issued its earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.02 billion. Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. On average, equities analysts expect that Bank of Communications will post 4.13 EPS for the current fiscal year.

About Bank of Communications

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.