Short Interest in Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Drops By 22.6%

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,987,000 shares, a decrease of 22.6% from the December 31st total of 2,568,600 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 3,311.7 days.

Oversea-Chinese Banking Stock Performance

Oversea-Chinese Banking stock remained flat at $11.79 during trading on Friday. The stock has a 50 day simple moving average of $12.03 and a 200 day simple moving average of $11.44. Oversea-Chinese Banking has a 1-year low of $9.35 and a 1-year high of $12.40.

Oversea-Chinese Banking Company Profile

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.