Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Sees Large Increase in Short Interest

Key Points

• Oversea-Chinese Banking Corporation Limited experienced a substantial increase in short interest, surging 966.7% to 3,200 shares as of July 15th, up from just 300 shares at the end of June.
• The stock opened at $26.21 with a 12-month trading range of $20.15 to $27.95, indicating potential volatility in its price.
• Oversea-Chinese Banking offers a variety of financial services across the Asia Pacific region, including personal loans, credit cards, and wealth management products.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,200 shares, agrowthof966.7% from the June 30th total of 300 shares. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is presently 0.2 days.

Oversea-Chinese Banking Stock Up 4.0%

Shares of OVCHY stock traded up $1.04 during trading on Monday, hitting $27.25. 4,616 shares of the company were exchanged, compared to its average volume of 18,791. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50-day simple moving average is $25.83 and its 200 day simple moving average is $25.26. Oversea-Chinese Banking has a twelve month low of $20.15 and a twelve month high of $27.95.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.