Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Down 71.1% in August

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,597 shares, a decrease of 71.1% from the August 15th total of 19,376 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 36,863 shares, the short-interest ratio is currently 0.2 days.

Oversea-Chinese Banking Stock Performance

Shares of OVCHY traded up $0.45 during trading hours on Friday, hitting $49.90. The stock had a trading volume of 24,941 shares, compared to its average volume of 22,549. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. Oversea-Chinese Banking has a 12-month low of $24.89 and a 12-month high of $52.11. The company’s fifty day simple moving average is $46.84 and its 200 day simple moving average is $39.43.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited, commonly known as OCBC, is a Singapore-based financial services group that provides banking, wealth management and insurance services. The company serves individual consumers, businesses, institutional clients and governments through its consumer, business and wholesale banking operations.

OCBC offers deposit accounts, lending, mortgages, credit cards, payment services, trade finance, treasury products and corporate banking solutions. Its wealth management business provides investment, advisory and private banking services, while its insurance operations are conducted primarily through Great Eastern Holdings.