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

Bank of China Limited (OTCMKTS:BACHY) 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. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 85,800 shares, the short-interest ratio is presently 0.5 days.

Bank of China Price Performance

Shares of OTCMKTS BACHY opened at $14.67 on Monday. The business has a 50-day moving average of $13.87 and a 200-day moving average of $12.67. The stock has a market capitalization of $172.75 billion, a price-to-earnings ratio of 5.75 and a beta of 0.18. Bank of China has a fifty-two week low of $10.14 and a fifty-two week high of $15.43.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research note on Thursday. The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a 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.