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

Bank of China Ltd. (OTCMKTS:BACHY) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 6,925 shares, a decline of 73.4% from the May 14th total of 26,036 shares. Based on an average trading volume of 63,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Performance

BACHY traded up $0.45 during trading on Friday, hitting $17.65. The stock had a trading volume of 15,969 shares, compared to its average volume of 51,781. The company has a 50 day moving average price of $16.47 and a 200-day moving average price of $15.25. The firm has a market cap of $227.48 billion, a price-to-earnings ratio of 6.87 and a beta of 0.06. Bank of China has a one year low of $12.95 and a one year high of $17.66. 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.