Bank of China Limited (OTCMKTS:BACHY) Short Interest Update

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 42,100 shares, a decline of 37.8% from the February 28th total of 67,700 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 85,800 shares, the short-interest ratio is presently 0.5 days.

Bank of China Trading Down 2.8 %

Bank of China stock traded down $0.42 on Wednesday, hitting $14.80. 28,656 shares of the stock traded hands, compared to its average volume of 31,424. Bank of China has a 1 year low of $10.20 and a 1 year high of $15.50. The firm has a market cap of $174.28 billion, a P/E ratio of 5.80 and a beta of 0.18. The business's fifty day simple moving average is $13.97 and its 200 day simple moving average is $12.73.

Bank of China (OTCMKTS:BACHY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The company had revenue of $17.82 billion during the quarter, compared to analysts' expectations of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Wall Street Analyst Weigh In

BACHY has been the subject of a number of research reports. Bank of America reissued a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th. The Goldman Sachs Group raised Bank of China from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.

Remove Ads

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.