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

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,261,000 shares, a drop of 16.7% from the March 15th total of 2,713,900 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is presently 87.6 days.

Oversea-Chinese Banking Stock Performance

OVCHF opened at $10.57 on Tuesday. The business has a fifty day simple moving average of $11.87 and a 200 day simple moving average of $11.84. Oversea-Chinese Banking has a 1 year low of $9.92 and a 1 year high of $13.17.

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.