Bank of China Ltd. (OTCMKTS:BACHY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,853 shares, a decline of 60.1% from the August 15th total of 17,167 shares. Based on an average daily volume of 83,487 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Bank of China Price Performance
Shares of Bank of China stock opened at $19.16 on Monday. The company’s fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $16.42. Bank of China has a 12-month low of $12.95 and a 12-month high of $19.60. The firm has a market cap of $246.94 billion, a PE ratio of 7.34 and a beta of 0.08.
About Bank of China
Bank of China Limited is a state-owned commercial bank headquartered in Beijing and one of China’s major internationally active financial institutions. Founded in 1912, it has developed from a bank focused on international exchange and trade finance into a full-service commercial banking group serving individuals, businesses, institutions and governments.
The bank provides corporate banking, personal banking, payment and settlement services, wealth management, investment banking, financial-market services and trade finance.
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