Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) Sees Significant Decline in Short Interest

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 200 shares, a drop of 96.4% from the January 31st total of 5,500 shares. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is presently 0.0 days.

Oversea-Chinese Banking Stock Down 1.1 %

Shares of OTCMKTS:OVCHY traded down $0.30 during trading on Thursday, reaching $25.58. The stock had a trading volume of 11,955 shares, compared to its average volume of 12,683. Oversea-Chinese Banking has a one year low of $18.67 and a one year high of $27.52. The firm’s 50-day simple moving average is $25.22 and its 200 day simple moving average is $23.97.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.