The Bank of East Asia Ltd. (OTCMKTS:BKEAY) Sees Significant Decrease in Short Interest

The Bank of East Asia Ltd. (OTCMKTS:BKEAY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3 shares, a decline of 99.9% from the August 15th total of 2,096 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,570 shares, the days-to-cover ratio is presently 0.0 days.

Bank of East Asia Price Performance

Bank of East Asia stock remained flat at $2.37 during trading hours on Thursday. 4,013 shares of the company’s stock traded hands, compared to its average volume of 798. The business’s 50 day moving average is $1.95 and its 200-day moving average is $1.85. Bank of East Asia has a 52-week low of $1.50 and a 52-week high of $2.47.

Bank of East Asia Company Profile

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.