Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 48,349 shares, a drop of 20.6% from the March 31st total of 60,928 shares. Based on an average daily trading volume, of 85,958 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Oversea-Chinese Banking Price Performance

OTCMKTS:OVCHY opened at $34.50 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day moving average of $34.04 and a 200-day moving average of $31.32. Oversea-Chinese Banking has a one year low of $24.01 and a one year high of $37.49.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.