Short Interest in Bank of China Limited (OTCMKTS:BACHY) Decreases By 37.8%

Bank of China Limited (OTCMKTS:BACHY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 42,100 shares, a decrease of 37.8% from the February 28th total of 67,700 shares. Based on an average daily trading volume, of 85,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Bank of China Stock Down 0.7 %

OTCMKTS BACHY opened at $14.67 on Friday. The company has a market cap of $172.75 billion, a PE ratio of 5.75 and a beta of 0.18. Bank of China has a 52 week low of $10.14 and a 52 week high of $15.43. The firm’s 50-day simple moving average is $13.87 and its two-hundred day simple moving average is $12.66.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings data on Wednesday, March 26th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The company had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $130.61 billion.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America reiterated a “neutral” rating on shares of Bank of China in a research note on Thursday. The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Company Profile

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.