Bank of China Ltd. (OTCMKTS:BACHY) Short Interest Down 73.4% in May

Bank of China Ltd. (OTCMKTS:BACHY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 6,925 shares, a decline of 73.4% from the May 14th total of 26,036 shares. Based on an average daily volume of 63,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Bank of China Stock Up 2.5%

BACHY opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.84. Bank of China has a one year low of $12.95 and a one year high of $17.66. The business’s 50-day simple moving average is $16.51 and its 200-day simple moving average is $15.27. The stock has a market capitalization of $227.30 billion, a P/E ratio of 6.86 and a beta of 0.06.

Wall Street Analyst Weigh In

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

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.