Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 83.3% in July

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 143 shares, a growth of 83.3% from the June 30th total of 78 shares. Based on an average trading volume of 389 shares, the short-interest ratio is presently 0.4 days.

Postal Savings Bank of China Stock Performance

Shares of Postal Savings Bank of China stock remained flat at $12.85 during midday trading on Thursday. 1,422 shares of the stock were exchanged, compared to its average volume of 682. The firm has a 50 day moving average of $12.65 and a 200 day moving average of $12.80. Postal Savings Bank of China has a fifty-two week low of $10.65 and a fifty-two week 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.