Bank of Communications Co. (OTCMKTS:BCMXY) Short Interest Up 187.9% in December

Bank of Communications Co. (OTCMKTS:BCMXY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 167 shares, a growth of 187.9% from the December 15th total of 58 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 86 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 86 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.0% of the shares of the company are short sold.

Bank of Communications Price Performance

Shares of Bank of Communications stock opened at $21.15 on Friday. The business has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $22.53. Bank of Communications has a 1 year low of $19.70 and a 1 year high of $25.00. The company has a market capitalization of $62.83 billion, a price-to-earnings ratio of 5.47 and a beta of -0.16.

Bank of Communications (OTCMKTS:BCMXY) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.18). The company had revenue of $9.38 billion during the quarter, compared to the consensus estimate of $9.11 billion. Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%.

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.