Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 33 shares, a growth of 3,200.0% from the May 14th total of 1 shares. Based on an average trading volume of 2,391 shares, the days-to-cover ratio is currently 0.0 days.
Postal Savings Bank of China Stock Performance
OTCMKTS PSTVY opened at $13.85 on Thursday. The stock’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $13.15. Postal Savings Bank of China has a 1 year low of $10.97 and a 1 year high of $14.95.
Postal Savings Bank of China Company Profile
Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.
The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.
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