Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 107.8% in August

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,001 shares, a growth of 107.8% from the August 15th total of 1,444 shares. Based on an average daily trading volume, of 1,520 shares, the days-to-cover ratio is presently 2.0 days.

Postal Savings Bank of China Stock Performance

PSTVY remained flat at $13.01 during mid-day trading on Wednesday. The company had a trading volume of 2,025 shares, compared to its average volume of 1,874. The firm’s fifty day moving average price is $12.83 and its two-hundred day moving average price is $12.85. Postal Savings Bank of China has a 1 year low of $10.65 and a 1 year high of $14.95.

About Postal Savings Bank of China

Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.

The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.