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 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 72,300 shares, the short-interest ratio is currently 0.3 days.

Oversea-Chinese Banking Stock Up 1.0%

OTCMKTS OVCHY traded up $0.49 during trading hours on Friday, reaching $49.51. 20,484 shares of the company traded hands, compared to its average volume of 39,826. 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 $50.57. The company has a 50 day moving average of $41.94 and a two-hundred day moving average of $37.12.

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.