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

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 3,021,600 shares, an increase of 56.0% from the January 31st total of 1,936,800 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is currently 192.5 days.

Oversea-Chinese Banking Stock Performance

Shares of OVCHF remained flat at $13.17 during midday trading on Tuesday. Oversea-Chinese Banking has a 1-year low of $9.35 and a 1-year high of $13.17. The company has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $11.64.

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.