Bank of Communications Co. (OTCMKTS:BCMXY) Sees Significant Growth in Short Interest

Bank of Communications Co. (OTCMKTS:BCMXY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,884 shares, a growth of 2,754.5% from the May 14th total of 66 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 515 shares, the short-interest ratio is presently 3.7 days.

Analyst Ratings Changes

Separately, Zacks Research raised Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bank of Communications Stock Performance

Shares of BCMXY stock traded down $1.70 on Tuesday, reaching $22.00. The stock had a trading volume of 419 shares, compared to its average volume of 368. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.70. The firm’s 50-day moving average is $22.12 and its two-hundred day moving average is $22.36. The firm has a market capitalization of $65.35 billion, a price-to-earnings ratio of 6.01 and a beta of -0.09. Bank of Communications has a 12 month low of $20.02 and a 12 month high of $25.80.

Bank of Communications (OTCMKTS:BCMXY) last issued its earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. On average, research analysts expect that Bank of Communications will post 4.13 EPS for the current fiscal year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.