Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Decline in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 19,149 shares, a decrease of 79.9% from the April 15th total of 95,459 shares. Based on an average daily trading volume, of 91,438 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

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

Bank of China Price Performance

Shares of BACHY opened at $16.52 on Tuesday. Bank of China has a 12-month low of $12.95 and a 12-month high of $16.93. The business’s fifty day moving average is $15.55 and its 200 day moving average is $14.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market cap of $212.92 billion, a P/E ratio of 6.43 and a beta of 0.06.

About Bank of China

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.