Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 78 shares, a growth of 225.0% from the June 15th total of 24 shares. Based on an average daily volume of 1,283 shares, the days-to-cover ratio is currently 0.1 days.
Postal Savings Bank of China Price Performance
OTCMKTS:PSTVY opened at $11.53 on Wednesday. The company has a 50-day moving average price of $12.84 and a 200-day moving average price of $12.88. Postal Savings Bank of China has a 12 month low of $10.65 and a 12 month high of $14.95.
About Postal Savings Bank of China
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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