Short Interest in Bank of China Ltd. (OTCMKTS:BACHY) Rises By 94.8%

Bank of China Ltd. (OTCMKTS:BACHY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,416 shares, an increase of 94.8% from the July 15th total of 4,834 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 130,479 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Bank of China Stock Performance

Shares of BACHY stock opened at $16.75 on Monday. The stock has a fifty day moving average price of $16.61 and a 200 day moving average price of $15.96. The stock has a market cap of $215.88 billion, a PE ratio of 6.52 and a beta of 0.07. Bank of China has a 1 year low of $12.95 and a 1 year high of $17.86.

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.