Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 24,866 shares, a growth of 361.9% from the July 15th total of 5,383 shares. Based on an average daily trading volume, of 72,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.
Oversea-Chinese Banking Stock Up 0.6%
OTCMKTS OVCHY traded up $0.27 on Thursday, hitting $49.01. 23,245 shares of the company were exchanged, compared to its average volume of 39,963. Oversea-Chinese Banking has a 1-year low of $24.89 and a 1-year high of $50.57. The firm has a 50 day moving average of $41.71 and a two-hundred day moving average of $37.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.48.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.
The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.
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