Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 107.8% in August

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,001 shares, a growth of 107.8% from the August 15th total of 1,444 shares. Based on an average trading volume of 1,520 shares, the days-to-cover ratio is presently 2.0 days.

Postal Savings Bank of China Trading Down 1.3%

Shares of PSTVY opened at $13.71 on Tuesday. The stock has a 50-day moving average price of $12.81 and a 200-day moving average price of $12.85. Postal Savings Bank of China has a 12-month low of $10.65 and a 12-month 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.