Bank of Communications Co. (OTCMKTS:BCMXY) Short Interest Update

Bank of Communications Co. (OTCMKTS:BCMXY) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 64 shares, a growth of 814.3% from the April 15th total of 7 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 5 shares, the short-interest ratio is currently 12.8 days.

Wall Street Analyst Weigh In

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

Bank of Communications Stock Performance

Shares of Bank of Communications stock opened at $22.00 on Thursday. Bank of Communications has a 1 year low of $19.70 and a 1 year high of $25.00. The firm has a market cap of $65.35 billion, a PE ratio of 6.01 and a beta of -0.13. The stock has a fifty day moving average price of $21.25 and a 200-day moving average price of $22.14. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94.

Bank of Communications (OTCMKTS:BCMXY) last announced its earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Equities research analysts anticipate that Bank of Communications will post 4.13 EPS for the current year.

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.