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

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 13,369 shares, a decrease of 59.8% from the June 15th total of 33,243 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 66,323 shares, the days-to-cover ratio is presently 0.2 days.

Oversea-Chinese Banking Stock Performance

Shares of OTCMKTS OVCHY traded up $1.53 on Wednesday, reaching $44.86. 2,016 shares of the company’s stock traded hands, compared to its average volume of 39,339. The business’s 50 day simple moving average is $37.76 and its two-hundred day simple moving average is $34.88. Oversea-Chinese Banking has a 12 month low of $24.89 and a 12 month high of $44.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.88 and a quick ratio of 0.88.

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.