Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Sees Large Drop in Short Interest

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,178,800 shares, a decrease of 63.7% from the October 15th total of 3,251,800 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 380.3 days.

Oversea-Chinese Banking Price Performance

Shares of OVCHF remained flat at $12.10 during mid-day trading on Friday. 2,000 shares of the stock were exchanged, compared to its average volume of 2,153. Oversea-Chinese Banking has a fifty-two week low of $9.10 and a fifty-two week high of $12.10. The stock’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $10.91.

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.