The Bank of East Asia Ltd. (OTCMKTS:BKEAY) Short Interest Up 108,566.7% in April

The Bank of East Asia Ltd. (OTCMKTS:BKEAY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,260 shares, an increase of 108,566.7% from the April 15th total of 3 shares. Based on an average daily volume of 2,280 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Bank of East Asia to a “hold” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Bank of East Asia Stock Performance

Shares of BKEAY remained flat at $1.74 during midday trading on Monday. The stock had a trading volume of 197 shares, compared to its average volume of 643. Bank of East Asia has a 12 month low of $1.31 and a 12 month high of $1.99. The firm has a fifty day moving average of $1.80 and a 200 day moving average of $1.78.

Bank of East Asia Company Profile

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.