Short Interest in Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Rises By 361.9%

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 24,866 shares, an increase of 361.9% from the July 15th total of 5,383 shares. Based on an average daily trading volume, of 72,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Oversea-Chinese Banking Stock Performance

OVCHY opened at $49.53 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $41.50 and its two-hundred day moving average price is $36.90. Oversea-Chinese Banking has a fifty-two week low of $24.89 and a fifty-two week high of $50.07.

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.