Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 24,866 shares, a growth of 361.9% from the July 15th total of 5,383 shares. Based on an average daily trading volume, of 72,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Oversea-Chinese Banking Price Performance

Shares of OTCMKTS OVCHY opened at $49.53 on Wednesday. Oversea-Chinese Banking has a twelve month low of $24.89 and a twelve month high of $50.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average is $41.50 and its 200-day moving average is $36.90.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.