Short Interest in Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Rises By 780.5%

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,444 shares, an increase of 780.5% from the July 30th total of 164 shares. Based on an average trading volume of 18,853 shares, the days-to-cover ratio is currently 0.1 days.

Postal Savings Bank of China Stock Performance

OTCMKTS PSTVY traded down $0.17 during trading hours on Tuesday, reaching $12.62. The company’s stock had a trading volume of 1,469 shares, compared to its average volume of 2,031. The business has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $12.67. Postal Savings Bank of China has a 52 week low of $10.65 and a 52 week high of $14.95.

Postal Savings Bank of China Company Profile

Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.

The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.