Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 22,797 shares, a growth of 307.3% from the August 31st total of 5,597 shares. Based on an average daily trading volume, of 51,597 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.
Oversea-Chinese Banking Stock Performance
Shares of OVCHY stock opened at $49.57 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.48. Oversea-Chinese Banking has a 52 week low of $24.89 and a 52 week high of $52.15. The firm’s 50-day simple moving average is $48.09 and its two-hundred day simple moving average is $40.50.
About Oversea-Chinese Banking
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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