Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Rises By 600.0%

The Bank of East Asia, Limited (OTCMKTS:BKEAY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 700 shares, an increase of 600.0% from the May 15th total of 100 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Bank of East Asia Price Performance

BKEAY stock remained flat at $1.44 during midday trading on Thursday. The company's stock had a trading volume of 30 shares, compared to its average volume of 2,454. Bank of East Asia has a one year low of $1.06 and a one year high of $1.53. The company's fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.31.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Bank of East Asia to a "sell" rating in a report on Tuesday, April 15th.

About Bank of East Asia

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.