Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Short Interest Up 152.1% in June

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,912,107 shares, an increase of 152.1% from the May 31st total of 1,155,077 shares. Based on an average daily volume of 1,170 shares, the days-to-cover ratio is currently 2,489.0 days.

Oversea-Chinese Banking Stock Performance

OTCMKTS:OVCHF opened at $19.10 on Monday. Oversea-Chinese Banking has a 52-week low of $12.18 and a 52-week high of $19.26. The stock’s 50 day moving average price is $17.23 and its 200 day moving average price is $16.21.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation (OTCMKTS: OVCHF) is a leading Singapore-based financial services group offering a broad range of banking, wealth management, insurance and asset management solutions. The bank provides retail and corporate banking services, including deposits, loans, trade finance, treasury and cash management. Through its subsidiary Great Eastern Holdings, it also delivers life insurance and general insurance products, while its asset management arm serves institutional and individual investors with unit trusts and private banking solutions.

Established in 1932 through the merger of Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited, OCBC has grown into one of Southeast Asia’s oldest and most stable financial institutions.