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

Bank of China Ltd. (OTCMKTS:BACHY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,416 shares, a growth of 94.8% from the July 15th total of 4,834 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 130,479 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Bank of China to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Bank of China has a consensus rating of “Hold”.

Bank of China Price Performance

Shares of Bank of China stock remained flat at $16.75 on Friday. The company had a trading volume of 45,093 shares, compared to its average volume of 48,724. Bank of China has a 52 week low of $12.95 and a 52 week high of $17.86. The firm’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $15.95. The company has a market cap of $215.88 billion, a P/E ratio of 6.52 and a beta of 0.07.

Bank of China Company Profile

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.