Bank of China Limited (OTCMKTS:BACHY) Sees Large Drop in Short Interest

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 67,700 shares, a decline of 31.3% from the February 13th total of 98,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,100 shares, the days-to-cover ratio is presently 1.4 days.

Bank of China Price Performance

OTCMKTS:BACHY traded up $0.13 during trading hours on Wednesday, hitting $15.17. The company's stock had a trading volume of 56,318 shares, compared to its average volume of 31,232. The company has a market capitalization of $178.63 billion, a P/E ratio of 5.95 and a beta of 0.18. Bank of China has a twelve month low of $10.10 and a twelve month high of $15.23. The stock has a fifty day simple moving average of $13.48 and a 200-day simple moving average of $12.44.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Bank of China from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.

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.