Bank of Communications Co. (OTCMKTS:BCMXY) Short Interest Update

Bank of Communications Co. (OTCMKTS:BCMXY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 584 shares, a decline of 67.2% from the June 15th total of 1,781 shares. Based on an average daily volume of 1,148 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Bank of Communications to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Bank of Communications Price Performance

Shares of OTCMKTS BCMXY opened at $20.60 on Tuesday. The company has a market cap of $61.19 billion, a price-to-earnings ratio of 5.63 and a beta of -0.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.70. Bank of Communications has a 12 month low of $19.89 and a 12 month high of $25.80. The stock has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $21.82.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The company had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.02 billion. Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. As a group, analysts forecast that Bank of Communications will post 4.13 earnings per share for the current fiscal year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.