Short Interest in Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Rises By 110.4%

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,197,378 shares, an increase of 110.4% from the April 15th total of 569,211 shares. Based on an average daily volume of 101 shares, the short-interest ratio is currently 11,855.2 days.

Oversea-Chinese Banking Stock Performance

OTCMKTS OVCHF remained flat at $18.20 on Monday. 2 shares of the company’s stock traded hands, compared to its average volume of 32,625. Oversea-Chinese Banking has a 1 year low of $11.62 and a 1 year high of $18.20. The firm’s 50 day simple moving average is $16.20 and its 200-day simple moving average is $15.31.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation (OTCMKTS: OVCHF) is a leading Singapore-based financial services group offering a broad range of banking, wealth management, insurance and asset management solutions. The bank provides retail and corporate banking services, including deposits, loans, trade finance, treasury and cash management. Through its subsidiary Great Eastern Holdings, it also delivers life insurance and general insurance products, while its asset management arm serves institutional and individual investors with unit trusts and private banking solutions.

Established in 1932 through the merger of Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited, OCBC has grown into one of Southeast Asia’s oldest and most stable financial institutions.