Bank of China Ltd. (OTCMKTS:BACHY) Sees Significant Decline in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,925 shares, a decrease of 73.4% from the May 14th total of 26,036 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Bank of China to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Bank of China Price Performance

OTCMKTS:BACHY opened at $17.21 on Thursday. Bank of China has a one year low of $12.95 and a one year high of $17.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $221.81 billion, a PE ratio of 6.70 and a beta of 0.06. The stock has a 50 day moving average price of $16.45 and a 200 day moving average price of $15.24.

About Bank of China

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.