Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Up 113.4% in June

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 33,243 shares, a growth of 113.4% from the May 31st total of 15,576 shares. Based on an average daily volume of 55,653 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Oversea-Chinese Banking Stock Up 0.2%

OTCMKTS:OVCHY opened at $38.60 on Tuesday. 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 fifty-two week low of $24.61 and a fifty-two week high of $40.19. The firm’s fifty day simple moving average is $36.47 and its 200-day simple moving average is $34.06.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.