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

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

Oversea-Chinese Banking Stock Performance

Shares of OVCHF opened at $11.79 on Friday. Oversea-Chinese Banking has a 1-year low of $9.35 and a 1-year high of $12.40. The company’s fifty day simple moving average is $12.03 and its 200 day simple moving average is $11.44.

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.