Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,597 shares, a drop of 71.1% from the August 15th total of 19,376 shares. Based on an average daily volume of 36,863 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Oversea-Chinese Banking Stock Up 0.9%
OVCHY traded up $0.45 on Friday, hitting $49.90. 24,941 shares of the company were exchanged, compared to its average volume of 22,549. Oversea-Chinese Banking has a fifty-two week low of $24.89 and a fifty-two week high of $52.11. The business’s fifty day moving average is $46.84 and its 200 day moving average is $39.43. 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 Company Profile
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.
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