Short Interest in Bank of China Ltd. (OTCMKTS:BACHY) Drops By 84.5%

Bank of China Ltd. (OTCMKTS:BACHY) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 9,439 shares, a decrease of 84.5% from the June 15th total of 61,078 shares. Based on an average daily trading volume, of 103,828 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Bank of China Stock Performance

Shares of OTCMKTS:BACHY opened at $16.18 on Monday. The company has a market capitalization of $208.54 billion, a price-to-earnings ratio of 6.30 and a beta of 0.07. Bank of China has a 12-month low of $12.95 and a 12-month high of $17.69. The business has a 50-day moving average price of $16.51 and a 200 day moving average price of $15.53.

Bank of China Company Profile

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.