Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 83.3% in July

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

Postal Savings Bank of China Price Performance

PSTVY stock remained flat at $12.85 during midday trading on Thursday. The company’s stock had a trading volume of 1,422 shares, compared to its average volume of 682. Postal Savings Bank of China has a one year low of $10.65 and a one year high of $14.95. The firm’s fifty day simple moving average is $12.65 and its 200 day simple moving average is $12.80.

About Postal Savings Bank of China

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.