Bank of China Ltd. (OTCMKTS:BACHY – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 9,416 shares, a growth of 94.8% from the July 15th total of 4,834 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 130,479 shares, the short-interest ratio is presently 0.1 days.
Bank of China Price Performance
OTCMKTS:BACHY remained flat at $16.75 during trading hours on Friday. The company had a trading volume of 45,093 shares, compared to its average volume of 48,724. The company has a market cap of $215.88 billion, a PE ratio of 6.52 and a beta of 0.07. Bank of China has a twelve month low of $12.95 and a twelve month high of $17.86. The business’s 50 day moving average is $16.61 and its two-hundred day moving average is $15.95.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Bank of China to a “hold” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Bank of China Company Profile
Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.
In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.
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