Bank of China Limited (OTCMKTS:BACHY) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Bank of China Limited (OTCMKTS:BACHY – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 22,800 shares, an increase of 235.3% from the September 30th total of 6,800 shares. Based on an average daily trading volume, of 167,300 shares, the short-interest ratio is currently 0.1 days.

Bank of China Price Performance

Shares of BACHY traded up $0.11 on Friday, reaching $12.12. The stock had a trading volume of 32,369 shares, compared to its average volume of 45,383. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $11.54 and a 200 day moving average of $11.47. Bank of China has a twelve month low of $8.61 and a twelve month high of $13.02. The firm has a market capitalization of $142.72 billion, a PE ratio of 4.75 and a beta of 0.21.

Bank of China (OTCMKTS:BACHY – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The bank reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $21.67 billion for the quarter. Bank of China had a net margin of 17.38% and a return on equity of 7.78%.

About Bank of China

(Get Free Report)

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.

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