Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 3,510 shares, a decrease of 69.8% from the October 15th total of 11,605 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 79,850 shares, the short-interest ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on OVCHY shares. Zacks Research downgraded shares of Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. Jefferies Financial Group raised Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oversea-Chinese Banking has a consensus rating of “Buy”.
Get Our Latest Research Report on OVCHY
Oversea-Chinese Banking Stock Up 0.1%
Shares of OVCHY traded up $0.07 during midday trading on Friday, hitting $44.67. 12,555 shares of the company traded hands, compared to its average volume of 38,037. The firm has a 50 day moving average of $47.22 and a 200-day moving average of $40.52. Oversea-Chinese Banking has a 52 week low of $27.15 and a 52 week high of $52.15.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore-based financial services group offering banking, insurance and asset management services. Its businesses include consumer and commercial banking, corporate and investment banking, private banking, treasury services, and wealth management. The group also operates through subsidiaries and affiliates, including Great Eastern, which provides insurance, and Bank of Singapore, its private banking business. Its asset management activities include Lion Global Investors.
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