Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Sees Large Increase in Short Interest

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 143 shares, a growth of 83.3% from the June 30th total of 78 shares. Based on an average daily trading volume, of 389 shares, the days-to-cover ratio is presently 0.4 days.

Postal Savings Bank of China Stock Performance

Shares of Postal Savings Bank of China stock remained flat at $12.85 during trading on Friday. The stock had a trading volume of 1,422 shares, compared to its average volume of 682. The firm’s 50-day moving average is $12.63 and its two-hundred day moving average is $12.80. Postal Savings Bank of China has a 1 year low of $10.65 and a 1 year high of $14.95.

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.