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

Bank of China Limited (OTCMKTS:BACHY) saw a significant decline in short interest in 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. Based on an average trading volume of 48,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Bank of China Price Performance

OTCMKTS:BACHY opened at $14.99 on Tuesday. The firm has a 50-day moving average of $13.43 and a 200-day moving average of $12.42. The company has a market cap of $176.46 billion, a PE ratio of 5.88 and a beta of 0.18. Bank of China has a one year low of $9.80 and a one year high of $15.14.

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.