Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF) Short Interest Down 63.7% in October

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

Oversea-Chinese Banking Stock Performance

Oversea-Chinese Banking stock remained flat at $12.10 during midday trading on Friday. 2,000 shares of the company were exchanged, compared to its average volume of 2,153. Oversea-Chinese Banking has a 1 year low of $9.10 and a 1 year high of $12.10. The business has a 50-day moving average of $11.48 and a two-hundred day moving average of $10.91.

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.