Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Down 59.7% in July

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,383 shares, a decline of 59.7% from the June 30th total of 13,369 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 58,685 shares, the days-to-cover ratio is currently 0.1 days.

Oversea-Chinese Banking Stock Performance

Oversea-Chinese Banking stock opened at $44.92 on Monday. The firm has a 50 day simple moving average of $39.26 and a 200-day simple moving average of $35.67. Oversea-Chinese Banking has a 1-year low of $24.89 and a 1-year high of $46.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.88 and a quick ratio of 0.88.

About Oversea-Chinese Banking

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.