Bank of China Limited (OTCMKTS:BACHY) Short Interest Down 38.6% in October

Bank of China Limited (OTCMKTS:BACHY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 14,000 shares, a drop of 38.6% from the October 15th total of 22,800 shares. Based on an average daily trading volume, of 61,100 shares, the days-to-cover ratio is currently 0.2 days.

Bank of China Price Performance

Shares of BACHY traded down $0.17 during midday trading on Friday, hitting $11.50. 45,324 shares of the company traded hands, compared to its average volume of 29,874. Bank of China has a 52 week low of $8.69 and a 52 week high of $13.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50 day moving average of $11.74 and a 200-day moving average of $11.61. The stock has a market cap of $135.42 billion, a price-to-earnings ratio of 4.51 and a beta of 0.20.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings data on Thursday, August 29th. The bank reported $0.62 earnings per share (EPS) for the quarter. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The business had revenue of $21.67 billion for the quarter.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.