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

Bank of China Limited (OTCMKTS:BACHY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 42,100 shares, a drop of 37.8% from the February 28th total of 67,700 shares. Based on an average daily trading volume, of 85,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Bank of China Stock Down 0.7 %

BACHY opened at $14.67 on Monday. The company has a fifty day simple moving average of $13.87 and a 200 day simple moving average of $12.67. The stock has a market cap of $172.75 billion, a P/E ratio of 5.75 and a beta of 0.18. Bank of China has a 12 month low of $10.14 and a 12 month high of $15.43.

Bank of China (OTCMKTS:BACHY) last announced its quarterly earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $130.61 billion.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BACHY shares. The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research note on Thursday.

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.