Short Interest in Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Rises By 152.1%

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 2,912,107 shares, an increase of 152.1% from the May 31st total of 1,155,077 shares. Based on an average daily volume of 1,170 shares, the short-interest ratio is presently 2,489.0 days.

Oversea-Chinese Banking Price Performance

OTCMKTS:OVCHF remained flat at $19.10 on Tuesday. Oversea-Chinese Banking has a 1 year low of $12.18 and a 1 year high of $19.26. The firm’s fifty day moving average is $17.25 and its 200-day moving average is $16.25.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation (OTCMKTS: OVCHF) is a leading Singapore-based financial services group offering a broad range of banking, wealth management, insurance and asset management solutions. The bank provides retail and corporate banking services, including deposits, loans, trade finance, treasury and cash management. Through its subsidiary Great Eastern Holdings, it also delivers life insurance and general insurance products, while its asset management arm serves institutional and individual investors with unit trusts and private banking solutions.

Established in 1932 through the merger of Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited, OCBC has grown into one of Southeast Asia’s oldest and most stable financial institutions.