The Bank of East Asia Ltd. (OTCMKTS:BKEAY) Sees Large Decline in Short Interest

The Bank of East Asia Ltd. (OTCMKTS:BKEAY) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 3 shares, a drop of 99.4% from the February 12th total of 478 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 177 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 177 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Bank of East Asia Price Performance

OTCMKTS BKEAY remained flat at $1.73 during trading on Tuesday. The company’s stock had a trading volume of 63 shares, compared to its average volume of 192. Bank of East Asia has a one year low of $1.13 and a one year high of $1.99. The business’s 50 day simple moving average is $1.79 and its two-hundred day simple moving average is $1.70.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Bank of East Asia to a “hold” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Bank of East Asia Company Profile

Bank of East Asia, Limited is a Hong Kong–based commercial bank established in 1918. As one of the territory’s largest independently owned banks, it provides a comprehensive range of financial services to retail, corporate and institutional clients. The institution operates through a network of branches and digital channels designed to support both individual consumers and businesses of varying sizes.

The bank’s core offerings include personal banking services such as deposit accounts, consumer and mortgage lending, credit cards and wealth management solutions.