Bank of China Limited (OTCMKTS:BACHY) Short Interest Down 37.8% in March

Bank of China Limited (OTCMKTS:BACHY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 42,100 shares, a drop of 37.8% from the February 28th total of 67,700 shares. Based on an average daily trading volume, of 85,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research note on Thursday. The Goldman Sachs Group raised shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Stock Performance

Shares of BACHY traded down $0.10 during trading hours on Friday, hitting $14.67. The stock had a trading volume of 13,978 shares, compared to its average volume of 31,176. The company’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $12.64. Bank of China has a 12-month low of $10.14 and a 12-month high of $15.43. The firm has a market cap of $172.75 billion, a P/E ratio of 5.75 and a beta of 0.18.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings data on Wednesday, March 26th. The bank reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The business had revenue of $17.82 billion for the quarter, compared to analyst estimates of $130.61 billion.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.