Bank of Communications Co. (OTCMKTS:BCMXY) Short Interest Up 2,754.5% in May

Bank of Communications Co. (OTCMKTS:BCMXY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,884 shares, a growth of 2,754.5% from the May 14th total of 66 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 515 shares, the short-interest ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Bank of Communications Stock Performance

Shares of Bank of Communications stock opened at $22.00 on Wednesday. The firm has a market capitalization of $65.35 billion, a P/E ratio of 6.01 and a beta of -0.09. Bank of Communications has a 52 week low of $20.02 and a 52 week high of $25.80. The firm’s 50 day moving average is $22.15 and its two-hundred day moving average is $22.34. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.70.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.04). Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. The firm had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.02 billion. Research analysts forecast that Bank of Communications will post 4.13 EPS for the current fiscal year.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.