Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Short Interest Up 225.0% in June

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 78 shares, an increase of 225.0% from the June 15th total of 24 shares. Based on an average trading volume of 1,283 shares, the days-to-cover ratio is currently 0.1 days.

Postal Savings Bank of China Price Performance

PSTVY stock remained flat at $11.53 during trading on Tuesday. The company had a trading volume of 687 shares, compared to its average volume of 708. The firm’s 50-day moving average price is $12.89 and its 200-day moving average price is $12.90. Postal Savings Bank of China has a 12-month low of $10.65 and a 12-month high of $14.95.

About Postal Savings Bank of China

Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.

The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.