Short Interest in Bank of China Limited (OTCMKTS:BACHY) Declines By 38.6%

Bank of China Limited (OTCMKTS:BACHY) was the recipient of a significant 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 volume of 61,100 shares, the days-to-cover ratio is presently 0.2 days.

Bank of China Stock Performance

OTCMKTS:BACHY traded down $0.17 during mid-day trading on Friday, hitting $11.50. The stock had a trading volume of 45,324 shares, compared to its average volume of 29,874. 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 company’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $11.61. Bank of China has a twelve month low of $8.69 and a twelve month high of $13.02. 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 issued its earnings results on Thursday, August 29th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $21.67 billion during the quarter. Bank of China had a return on equity of 7.81% and a net margin of 17.35%.

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.