Bank of China Ltd. (OTCMKTS:BACHY) Short Interest Down 82.7% in August

Key Points

• Bank of China Ltd. experienced a significant decline in short interest, falling by 82.7% in August, with a total of 6,300 shares shorted as of August 31st.
• The stock traded at $14.36 recently, with a market capitalization of $169.04 billion, and reported earnings per share of $0.62 for the last quarter, missing estimates by $0.01.
• Bank of China has a debt-to-equity ratio of 0.01 and a P/E ratio of 5.52, indicating strong financial stability and low relative valuation of its shares.

Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,300 shares, a decline of 82.7% from the August 15th total of 36,400 shares. Based on an average daily volume of 158,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 158,900 shares, the days-to-cover ratio is currently 0.0 days.

Bank of China Stock Performance

Shares of Bank of China stock traded up $0.20 during trading on Thursday, hitting $14.36. 29,159 shares of the company's stock traded hands, compared to its average volume of 44,182. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.84. Bank of China has a 1 year low of $10.62 and a 1 year high of $15.56. The stock has a market capitalization of $169.04 billion, a P/E ratio of 5.52 and a beta of 0.20. The business has a 50-day simple moving average of $14.40 and a 200-day simple moving average of $14.43.

Bank of China (OTCMKTS:BACHY - Get Free Report) last posted its quarterly earnings data on Friday, August 29th. The bank reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.01). Bank of China had a net margin of 19.11% and a return on equity of 8.08%. The company had revenue of $19.64 billion for the quarter, compared to analysts' expectations of $140.98 billion.

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.

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