OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) Short Interest Up 32.1% in August
OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 11,100 shares, an increase of 32.1% from the August 15th total of 8,400 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 0.6 days.
A number of research analysts recently weighed in on OVCHY shares. Zacks Investment Research raised OVERSEA-CHINESE/ADR from a “sell” rating to a “hold” rating in a research report on Friday, June 19th. JPMorgan Chase & Co. upgraded OVERSEA-CHINESE/ADR from an “underweight” rating to a “neutral” rating in a report on Monday, June 15th.
Shares of OTCMKTS:OVCHY traded up $0.02 during trading on Wednesday, reaching $12.51. 3,065 shares of the stock traded hands, compared to its average volume of 45,536. The stock has a market cap of $26.64 billion, a P/E ratio of 7.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average of $12.61 and a two-hundred day moving average of $12.72. OVERSEA-CHINESE/ADR has a 52-week low of $10.20 and a 52-week high of $16.86.
OVERSEA-CHINESE/ADR Company Profile
Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts 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.
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