Bank of Communications Co. (OTCMKTS:BCMXY) Sees Large Decrease in Short Interest

Bank of Communications Co. (OTCMKTS:BCMXY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 85 shares, a decrease of 49.1% from the December 31st total of 167 shares. Based on an average daily volume of 171 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 171 shares, the short-interest ratio is presently 0.5 days.

Bank of Communications Price Performance

OTCMKTS:BCMXY opened at $21.48 on Friday. The business’s 50-day moving average is $23.43 and its two-hundred day moving average is $22.53. The firm has a market capitalization of $63.81 billion, a PE ratio of 5.55 and a beta of -0.16. Bank of Communications has a 12 month low of $19.70 and a 12 month high of $25.00.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Thursday, October 30th. The bank reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.18). The company had revenue of $9.38 billion during the quarter, compared to analyst estimates of $9.11 billion. Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%.

About Bank of Communications

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.