Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,527 shares, a growth of 20.1% from the January 15th total of 8,768 shares. Based on an average daily trading volume, of 53,987 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 53,987 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Oversea-Chinese Banking Trading Down 0.1%

Shares of OVCHY stock opened at $33.51 on Wednesday. Oversea-Chinese Banking has a fifty-two week low of $20.70 and a fifty-two week high of $35.85. The stock has a 50 day simple moving average of $31.86 and a two-hundred day simple moving average of $28.48.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.