Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 3,200.0% in May

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 33 shares, a growth of 3,200.0% from the May 14th total of 1 shares. Based on an average daily trading volume, of 2,391 shares, the short-interest ratio is currently 0.0 days.

Postal Savings Bank of China Price Performance

OTCMKTS PSTVY remained flat at $13.85 during trading on Wednesday. The company’s stock had a trading volume of 164 shares, compared to its average volume of 677. Postal Savings Bank of China has a fifty-two week low of $10.97 and a fifty-two week high of $14.95. The company has a 50-day moving average of $13.11 and a 200-day moving average of $13.16.

Postal Savings Bank of China Company Profile

Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.

The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.