Short Interest in Bank of China Limited (OTCMKTS:BACHY) Drops By 31.3%

Bank of China Limited (OTCMKTS:BACHY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 67,700 shares, a decline of 31.3% from the February 13th total of 98,500 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 48,100 shares, the short-interest ratio is currently 1.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Bank of China Trading Up 1.1 %

BACHY opened at $14.99 on Tuesday. Bank of China has a 1-year low of $9.80 and a 1-year high of $15.14. The company has a market cap of $176.46 billion, a P/E ratio of 5.88 and a beta of 0.18. The company has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $12.42.

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.