Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Decrease in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,834 shares, a decline of 48.8% from the June 30th total of 9,439 shares. Based on an average daily volume of 171,371 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Bank of China Stock Up 1.4%

BACHY opened at $17.37 on Wednesday. The business has a fifty day moving average of $16.52 and a 200 day moving average of $15.72. The stock has a market cap of $223.87 billion, a P/E ratio of 6.76 and a beta of 0.07. Bank of China has a 52-week low of $12.95 and a 52-week high of $17.69.

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.