Bank of China Ltd. (OTCMKTS:BACHY) Sees Large Increase in Short Interest

Key Points

• Bank of China Ltd. experienced a significant surge in short interest, increasing by 189.6% from June to July, totaling 72,700 shares by mid-July.
• The stock is trading at $14.30 with a market capitalization of $168.39 billion and a price-to-earnings ratio of 5.50.
• The company's current ratio and quick ratio both stand at 0.84, indicating potential liquidity concerns.

Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 72,700 shares, agrowthof189.6% from the June 30th total of 25,100 shares. Based on an average trading volume of 93,900 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 93,900 shares, the days-to-cover ratio is currently 0.8 days.

Bank of China Stock Performance

Shares of BACHY stock traded up $0.21 on Tuesday, reaching $14.61. The stock had a trading volume of 37,095 shares, compared to its average volume of 37,387. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.84 and a current ratio of 0.84. Bank of China has a 1 year low of $10.33 and a 1 year high of $15.56. The stock has a market cap of $172.04 billion, a P/E ratio of 5.62 and a beta of 0.18. The company has a 50 day simple moving average of $14.70 and a 200 day simple moving average of $14.27.

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.