Short Interest in Bank of China Ltd. (OTCMKTS:BACHY) Declines By 48.8%

Bank of China Ltd. (OTCMKTS:BACHY) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 4,834 shares, a drop of 48.8% from the June 30th total of 9,439 shares. Based on an average daily trading volume, of 171,371 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Bank of China Stock Performance

Shares of Bank of China stock opened at $17.62 on Friday. The stock has a market cap of $227.10 billion, a P/E ratio of 6.86 and a beta of 0.07. The stock’s fifty day moving average is $16.56 and its 200 day moving average is $15.76. Bank of China has a one year low of $12.95 and a one year high of $17.86.

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.