Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Update

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 27,519 shares, an increase of 212.6% from the April 30th total of 8,802 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 60,320 shares, the days-to-cover ratio is presently 0.5 days.

Oversea-Chinese Banking Stock Performance

OTCMKTS OVCHY opened at $36.70 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $35.12 and its two-hundred day moving average is $32.66. Oversea-Chinese Banking has a 12 month low of $24.27 and a 12 month high of $37.98.

Analyst Ratings Changes

Separately, Zacks Research cut Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.