Short Interest in Bank of Communications Co. (OTCMKTS:BCMXY) Grows By 814.3%

Bank of Communications Co. (OTCMKTS:BCMXY) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 64 shares, a growth of 814.3% from the April 15th total of 7 shares. Based on an average daily volume of 5 shares, the short-interest ratio is currently 12.8 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Bank of Communications Stock Performance

OTCMKTS:BCMXY opened at $22.00 on Wednesday. The stock has a market cap of $65.35 billion, a P/E ratio of 6.01 and a beta of -0.13. The firm’s fifty day simple moving average is $21.23 and its 200 day simple moving average is $22.14. Bank of Communications has a twelve month low of $19.70 and a twelve month high of $25.00. 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 announced its earnings results on Wednesday, April 29th. The bank reported $1.08 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.02 billion. As a group, research analysts predict that Bank of Communications will post 4.13 EPS for the current 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.