Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,444 shares, a growth of 780.5% from the July 30th total of 164 shares. Based on an average trading volume of 18,853 shares, the days-to-cover ratio is presently 0.1 days.
Postal Savings Bank of China Price Performance
PSTVY stock traded down $0.17 during mid-day trading on Tuesday, hitting $12.62. 1,469 shares of the company were exchanged, compared to its average volume of 2,031. The firm has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $12.67. Postal Savings Bank of China has a twelve month low of $10.65 and a twelve month high of $14.95.
Postal Savings Bank of China Company Profile
Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.
The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.
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