Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 27,519 shares, an increase of 212.6% from the April 30th total of 8,802 shares. Based on an average daily trading volume, of 60,320 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Oversea-Chinese Banking Stock Up 0.7%

Shares of Oversea-Chinese Banking stock opened at $36.70 on Friday. The stock’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $32.66. Oversea-Chinese Banking has a 1-year low of $24.27 and a 1-year high of $37.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.88.

Analyst Ratings Changes

Separately, Zacks Research cut Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Oversea-Chinese Banking presently has an average rating of “Hold”.

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.