Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Short Interest Update

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,197,378 shares, a growth of 110.4% from the April 15th total of 569,211 shares. Based on an average daily trading volume, of 101 shares, the short-interest ratio is presently 11,855.2 days.

Oversea-Chinese Banking Stock Performance

Shares of OTCMKTS:OVCHF remained flat at $18.20 on Friday. 2 shares of the stock were exchanged, compared to its average volume of 32,625. The business has a 50-day moving average price of $16.20 and a 200-day moving average price of $15.29. Oversea-Chinese Banking has a 1-year low of $11.62 and a 1-year high of $18.20.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation (OTCMKTS: OVCHF) is a leading Singapore-based financial services group offering a broad range of banking, wealth management, insurance and asset management solutions. The bank provides retail and corporate banking services, including deposits, loans, trade finance, treasury and cash management. Through its subsidiary Great Eastern Holdings, it also delivers life insurance and general insurance products, while its asset management arm serves institutional and individual investors with unit trusts and private banking solutions.

Established in 1932 through the merger of Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited, OCBC has grown into one of Southeast Asia’s oldest and most stable financial institutions.