Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 11,605 shares, a decline of 41.3% from the September 30th total of 19,783 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 79,432 shares, the short-interest ratio is presently 0.1 days.
Oversea-Chinese Banking Stock Down 2.8%
OVCHY stock opened at $44.40 on Tuesday. The company has a 50 day moving average price of $48.07 and a two-hundred day moving average price of $40.05. Oversea-Chinese Banking has a one year low of $25.83 and a one year high of $52.15.
Analyst Ratings Changes
Separately, Zacks Research cut Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Oversea-Chinese Banking
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore-based financial services group that provides banking, wealth management and insurance services to individuals, businesses and institutions. Its offerings include current and savings accounts, consumer and commercial loans, mortgages, credit cards, trade finance, transaction banking, treasury services and investment products.
Through its banking operations, OCBC serves retail, small-business, corporate and institutional customers.
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