Short Interest in Bank of China Ltd. (OTCMKTS:BACHY) Rises By 94.8%

Bank of China Ltd. (OTCMKTS:BACHY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,416 shares, a growth of 94.8% from the July 15th total of 4,834 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 130,479 shares, the short-interest ratio is currently 0.1 days.

Bank of China Stock Up 0.4%

BACHY opened at $16.82 on Tuesday. Bank of China has a 52 week low of $12.95 and a 52 week high of $17.86. The business has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $15.98. The company has a market cap of $216.78 billion, a PE ratio of 6.54 and a beta of 0.07.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Bank of China to a “hold” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of China presently has an average rating of “Hold”.

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.