Bank of China Ltd. (OTCMKTS:BACHY) Short Interest Update

Bank of China Ltd. (OTCMKTS:BACHY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 17,167 shares, a growth of 82.3% from the July 30th total of 9,416 shares. Based on an average daily trading volume, of 46,328 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Bank of China Stock Up 5.3%

Shares of OTCMKTS BACHY opened at $18.69 on Tuesday. The firm’s 50-day simple moving average is $16.69 and its 200 day simple moving average is $16.17. The stock has a market cap of $240.89 billion, a P/E ratio of 7.27 and a beta of 0.07. Bank of China has a fifty-two week low of $12.95 and a fifty-two week high of $18.74.

Bank of China Company Profile

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.