Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,597 shares, a decline of 71.1% from the August 15th total of 19,376 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 36,863 shares, the short-interest ratio is presently 0.2 days.

Oversea-Chinese Banking Price Performance

Shares of OTCMKTS OVCHY traded up $0.45 during mid-day trading on Friday, hitting $49.90. 24,941 shares of the company traded hands, compared to its average volume of 22,549. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. Oversea-Chinese Banking has a 1 year low of $24.89 and a 1 year high of $52.11. The business has a 50 day moving average of $46.84 and a two-hundred day moving average of $39.43.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited, commonly known as OCBC, is a Singapore-based financial services group that provides banking, wealth management and insurance services. The company serves individual consumers, businesses, institutional clients and governments through its consumer, business and wholesale banking operations.

OCBC offers deposit accounts, lending, mortgages, credit cards, payment services, trade finance, treasury products and corporate banking solutions. Its wealth management business provides investment, advisory and private banking services, while its insurance operations are conducted primarily through Great Eastern Holdings.