Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Decrease in Short Interest

Bank of China Ltd. (OTCMKTS:BACHY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,834 shares, a decline of 48.8% from the June 30th total of 9,439 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 171,371 shares, the short-interest ratio is currently 0.0 days.

Bank of China Trading Up 1.4%

BACHY opened at $17.37 on Wednesday. Bank of China has a 12-month low of $12.95 and a 12-month high of $17.69. The business’s fifty day simple moving average is $16.52 and its 200-day simple moving average is $15.72. The company has a market capitalization of $223.87 billion, a price-to-earnings ratio of 6.76 and a beta of 0.07.

Analysts Set New Price Targets

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

About Bank of China

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.