Bank of China Ltd. (OTCMKTS:BACHY) Short Interest Update

Key Points

• Short interest in Bank of China Ltd. decreased by 50% in August, dropping to 36,400 shares from 72,800 shares reported at the end of July.
• The bank reported earnings per share of $0.62 for the quarter ending August 29, which was below analysts' expectations of $0.63.
• Bank of China's current stock price is approximately $13.86, with a market capitalization of $163.21 billion and a price-to-earnings ratio of 5.33.

Bank of China Ltd. (OTCMKTS:BACHY - Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 36,400 shares, adecreaseof50.0% from the July 31st total of 72,800 shares. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is presently 0.4 days.

Bank of China Price Performance

OTCMKTS:BACHY traded up $0.05 during mid-day trading on Friday, reaching $13.91. 47,613 shares of the company were exchanged, compared to its average volume of 65,515. Bank of China has a 12 month low of $10.42 and a 12 month high of $15.56. The company has a fifty day moving average of $14.44 and a 200 day moving average of $14.43. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $163.80 billion, a PE ratio of 5.35 and a beta of 0.20.

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

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.