Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Up 20.1% in January

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,527 shares, a growth of 20.1% from the January 15th total of 8,768 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 53,987 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 53,987 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Oversea-Chinese Banking Trading Down 2.2%

Shares of OVCHY opened at $33.55 on Tuesday. Oversea-Chinese Banking has a 52 week low of $20.70 and a 52 week high of $35.85. The firm’s 50-day simple moving average is $31.77 and its 200 day simple moving average is $28.43.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Oversea-Chinese Banking has an average rating of “Strong Buy”.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.