Short Interest in Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Drops By 15.0%

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,412,200 shares, a drop of 15.0% from the November 30th total of 2,836,800 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2,412.2 days.

Oversea-Chinese Banking Stock Performance

Shares of OTCMKTS OVCHF remained flat at $12.28 during midday trading on Friday. Oversea-Chinese Banking has a 1-year low of $9.21 and a 1-year high of $12.40. The stock has a fifty day moving average price of $11.82 and a 200 day moving average price of $11.23.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.